U.S. stocks hit record highs as Trump’s decision on ending the war awaited; the won 1,504.70won
Ahead of President Donald Trump’s final decision on a memorandum of understanding (MOU) to end the war with Iran, 5 month 29 day, U.S. stock 3indices all closed at record highs. Brent crude fell 2%, while the dollar-won exchange rate closed at 1,504.70 won.
29 day (U.S. Eastern Time), New York stocks were optimistic ahead of President Donald Trump’s final decision on a memorandum of understanding (MOU) to end the war with Iran, and 3indices all set record closing highs. The S&P 500 index closed at 7,850.06 and extended its winning streak to 9 consecutive weeks. Investors appeared to be waiting on the sidelines while watching for an announcement.
The Dow Jones30 Industrial Average closed at 51,032.46, while the Nasdaq Composite ended the session at 26,972.62. Some large-cap stocks rose, while others were mixed. Intraday volatility varied from one period to another.
Technology stocks related to artificial intelligence led the market. Dell Technologies rose 32.76%, and Micron Technology gained 5.14%. The sharp moves in these stocks affected the indices.
The U.S. Treasury market remained little changed. 10The -year Treasury yield was 4.4530trading at % and the 30-year yield edged lower. After no announcements were made in the afternoon session, some sections of the market came under modest downward pressure.
Oil prices fell ahead of Trump’s final decision. Brent crude was 2% lower, and the dollar-won exchange rate closed at 1,504.70won. The foreign exchange market ended with its gains trimmed amid expectations of an announcement.