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Nasdaq Rises as Oil Falls Amid Mine Clearance and Gold Soars

Guavy AI Editorial Team
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The Nasdaq Composite rose 0.56% on Wednesday, outperforming both the S&P 500 and Dow Jones Industrial Average with a 0.27% and 0.22% gain respectively.

Oil prices dropped 3.4% after President Trump announced that the Navy had cleared mines from the Strait of Hormuz, easing supply fears.

The price of gold is on track for its biggest monthly gain since 1999, and Bitcoin reached $80,000 in morning trading, with both assets benefiting from investors' concerns about government debt and a weaker dollar.

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