U.S. stock indexes rose today, with the S&P 500 up 0.93%, the Dow Jones Industrial Average up 0.89%, and the Nasdaq 100 up 1.17%. This marks the second consecutive day of gains, driven by a rebound in the artificial intelligence sector, particularly in chipmakers and AI-infrastructure stocks. The trade deficit for April improved to $55.9 billion, down from $56.6 billion in March, also contributing to positive market sentiment.
Crude oil prices fell 2%, reaching a one-week low, following reports that Iran and Israel agreed to end hostilities, further supporting reduced inflation expectations among investors. Meanwhile, Chinese exports rose 19.4% year-over-year in May, exceeding expectations of 15.0%, while imports increased by 27.4%, up from an expected rise of 26.0%.
In stock movements, Lam Research led Nasdaq gains with an increase of over 4%, while airline stocks like United Airlines and Delta Air Lines rose around 4% due to lower fuel costs. Conversely, energy stocks declined, with companies like APA Corp and Devon Energy down more than 2% following the drop in crude oil prices.
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