Wall Street Roundup: Risk On/Risk Off
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The US stock market saw a relief rally in chip and AI stocks after a ceasefire was agreed to, with Intel and Micron rising 22% and 13% respectively. The market remains cautious, however, as the ceasefire is considered fragile and there are still conflicts in the region, while oil prices and stocks fell due to decreased demand.
The US stock market experienced a relief rally in chip and AI stocks following a ceasefire agreement. Intel rose 22% and Micron 13% over the last five days. The broad tech ETF was up 3% on Wednesday, its third biggest one-day gain of 2026. Oil prices and stocks, including ExxonMobil and Chevron, fell due to decreased demand. The market remains cautious as the ceasefire is considered fragile. The inflation data showed a significant rise in energy prices, but the market took it in stride.
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