Live Nasdaq Composite: Markets Rise on Ceasefire Hopes as Oil Sputters
The Nasdaq Composite has risen due to hopes of a ceasefire between the US and Iran, with crude oil prices dropping nearly 5% to below $90 per barrel. The markets are also celebrating potential deals and investments, including Intel and AMD raising processor prices and SanDisk investing $1 billion in Taiwan-based Nanya Technology.
The Nasdaq Composite has increased due to a potential White House peace plan with Iran. Crude oil prices have dropped nearly 5% to below $90 per barrel. Intel and AMD have raised processor prices, with 2026 increases reaching 10%-15%. SanDisk is investing $1 billion in Taiwan-based Nanya Technology for a multi-year supply arrangement. The Dow Jones Industrial Average is up 1.27%, the Nasdaq Composite is up 0.99%, and the S&P 500 is up 1.03%. Oil spending as a share of US GDP has fallen from 4.8% in 1974 to 1.7% today.
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