Wall Street Rallies as Middle East Tensions Ease
(AURN News) — Stocks saw gains to start the week after both the United States and Iran toned down their military operations. For several days, the two countries exchanged strikes in and around the Strait of Hormuz. The gains come after technology stocks suffered sharp losses last week, when a global sell-off spread from Asia […] The post Wall Street Rallies as Middle East Tensions Ease appeared first on American Urban Radio Networks.
Black News 
(AURN News) — Stocks saw gains to start the week after both the United States and Iran toned down their military operations.
For several days, the two countries exchanged strikes in and around the Strait of Hormuz.
The gains come after technology stocks suffered sharp losses last week, when a global sell-off spread from Asia as chip stocks declined and major technology companies, including SpaceX and Alphabet, moved lower.
On Monday afternoon, the Dow Jones Industrial Average gained 358.65 points, or 0.69%, to 52,234.76. The Nasdaq Composite rose 493.28 points, or 1.95%, while the S&P 500 gained 84.75 points, or 1.15%.
The rebound comes as corporations and governments around the world continue pushing full steam ahead into the current AI revolution, making the performance of technology stocks one of the biggest indicators to watch in the global economy.
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The post Wall Street Rallies as Middle East Tensions Ease appeared first on American Urban Radio Networks.
