US Stock Market Today: Dow Jones, S&P 500, Nasdaq Edge Higher As Oil Cools; Traders Await Iran Truce Deal
US stock indices opened higher on Friday as traders reacted to a potential US-Iran Memorandum of Understanding and slight oil price recovery, while Dell Technologies shares surged over 33% after raising its FY27 revenue forecast to $165 billion–$169 billion. AI-related stocks like Micron, Nvidia, and AMD also climbed, though most sector indices traded in the red, with consumer staples and energy sectors leading losses.
Wall Street’s major indices opened with modest gains on Friday as traders monitored a potential Memorandum of Understanding between the United States and Iran, alongside a slight easing in oil prices. The S&P 500 rose 0.16% to 7,575.42, the Nasdaq Composite climbed 0.15% to 26,956.54, and the Dow Jones Industrial Average increased 0.21% to 50,777.20 at the open. Crude oil prices softened, with Brent crude down 1.71% to $92.11 per barrel and West Texas Intermediate falling 1.46% to $87.61. By mid-morning, the Nasdaq had gained 0.61% to 27,073.47, driven largely by Dell Technologies Inc., whose shares jumped over 33% after the company raised its annual revenue forecast for fiscal 2027 to between $165 billion and $169 billion, up from $138 billion–$142 billion. Dell also highlighted an expected $60 billion in AI server revenue for FY27, up from $50 billion. AI-linked stocks followed suit, with Micron Technology Inc. rising nearly 6% to $975.5, Nvidia Corp. up over 1% to $217, and Advanced Micro Devices Inc. climbing 0.7% to $521.44. Most sectoral indices traded in the red, with consumer staples, communication services, and energy sectors leading declines. Only Financials and Information Technology sectors showed gains. The Dollar Spot Index remained flat, while major currencies like the euro, British pound, and Japanese yen saw negligible movement. Bitcoin dropped 0.8% to $72,892.57, contrasting with the broader market’s cautious optimism. The day’s trading reflected mixed sentiment, with AI-driven growth offset by broader sectoral weaknesses and geopolitical speculation.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.