Tech Giants Surge as US Stock Indices Reach New Highs Amid Geopolitical Easing
US stock indices rose on Monday, driven by geopolitical easing and the recovery of AI sentiment. The Dow Jones closed at 53,178.41 points (+1.32%), reaching a new high for the phase, while the S&P 500 closed at 7,600.50 points (+1.48%) and the Nasdaq at 25,913.90 points (+2.13%). Tech giants saw significant gains, with Amazon's market value surpassing $3 trillion and Meta rising over 6%. Microsoft and Google nearly 5% and Nvidia and Tesla followed suit.
The Strait of Hormuz may reopen by tomorrow at the latest, according to Trump, significantly lowering the risk premium for crude oil. WTI and Brent prices fell sharply, alleviating short-term inflation concerns. The asset size of leveraged ETFs has decreased by 28% to $154 billion, indicating reduced pressure on Wall Street.
The White House plans to hold a meeting for AI companies to review the completed voluntary safety testing framework for AI and discuss next steps.