The US stock market opened Thursday in positive territory as bond yields fell and investors digested tensions in the Middle East, earnings from tech companies like Broadcom and Snowflake, along with optimistic comments from Federal Reserve governor Christopher Waller that pricing pressures showed signs of improving.
The Dow Jones Industrial Average climbed 0.8% while the S&P 500 and Nasdaq Composite rose 0.5%. The yield on the 10-year Treasurys declined 4 basis points to 4.74%.
Nvidia stock rose 1% after the AI leader announced it would acquire open AI platform Hugging Face for roughly $13 billion in a deal that’s expected to close in 2027.
Stocks regrouped as oil prices edged lower, though Brent crude oil futures remained above $95 per barrel. On Wednesday, President Trump said the US carried out a “very heavy attack” against Iran but also stated that the attack wouldn’t take “too long.”
Yahoo Finance
