US Stocks Rise, Supported by Energy Dips and AI Sector Rebound
The US stock market rallied on Tuesday (June 9), with the S&P 500, Nasdaq 100, and Dow each rising about 0.6%, as energy prices eased and the AI infrastructure sector continued its recovery. The decline in oil and fuel prices came after Iran and Israel refrained from attacking each other following a weekend operation, opening the way for US-Tehran negotiations on a deal that could restore energy exports.
US bonds regained demand, calming market pressures and supporting stocks. Investors now await May inflation data, which is expected to show an increase, which could influence expectations for a Federal Reserve interest rate hike.
The technology sector is back in the spotlight, with chip and data center stocks continuing their recovery after last week's sharp declines. Nvidia rose more than 1%, while Micron jumped 4%, and Oracle gained 1% ahead of its earnings report this week.
Furthermore, developments in the AI sector added to the positive sentiment. OpenAI confidentially filed for an IPO, while Anthropic secured additional funding, signaling continued investment in AI infrastructure.
A combination of easing geopolitical risks, energy stability, and AI optimism supported the stock rally on Tuesday, although investors remained cautious ahead of upcoming inflation data. (yds)
Source: Newsmaker.id
