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Bloomberg Quint

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Image Credit: Bloomberg Quint

US Stock Market Today: Dow Jones Up 290 Points, Nasdaq Jumps 1% Despite Middle East Tensions

  • The US stock market saw positive gains today despite Middle East tensions.
  • The Dow Jones Industrial Average rose by 290 points, Nasdaq surged 1%, and the S&P 500 climbed to over 6,000 points.
  • Tech stocks led the market higher, with chipmaker AMD gaining nearly 6% and companies like Micron Tech and Adobe seeing increases.
  • The US dollar weakened against major currencies, and the 10-year US Treasury bond yield rose to 4.43%.
  • Despite weaker-than-expected US manufacturing data, markets are anticipating the Federal Reserve to maintain interest rates unchanged.
  • Gold prices dropped as investors shifted to riskier assets, and Brent oil prices decreased following initial concerns over supply disruptions due to the Middle East tensions.

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