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Barchart
Barchart
Rich Asplund

Stocks Rally on Tech Earnings and Hopes of a US-Iran Peace Deal

The S&P 500 Index ($SPX) (SPY) today is up +0.76%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.94%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.19%.  June E-mini S&P futures (ESM26) are up +0.81%, and June E-mini Nasdaq futures (NQM26) are up +1.23%.

Stock indexes are soaring today, with the S&P 500 and Nasdaq 100 posting new all-time highs.  A wave of blockbuster earnings results from chipmakers and AI-infrastructure stocks is propelling stocks higher today and has bolstered optimism that the relentless pace of investment in artificial intelligence will continue.  Advanced Micro Devices is up more than +16% after data center spending boosted its full-year sales forecast, and Super Micro Computer is up more than +17% after reporting improved margins and giving a solid profit forecast.   

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