The S&P 500 Index is up 0.65% today, along with the Dow Jones Industrial Average, which is up 0.21%, and the Nasdaq 100 Index, which has gained 1.59%. This market rebound comes after a sell-off last Friday, driven by strength in chipmakers and AI infrastructure stocks.
Crude oil prices spiked over 4% earlier today amid increased hostilities between Iran and Israel, but subsequently fell after Iran indicated an end to military operations. The market is currently discounting a 1% chance of a 25 basis point interest rate hike at the next Federal Open Market Committee meeting on June 16-17.
In stock movements, Micron Technology rose over 9%, leading gains in the S&P 500 and Nasdaq, while crypto-related stocks also saw increases, with Bitcoin up more than 3%. Additionally, Nurix Therapeutics surged over 17% following a $2.3 billion deal with Roche.
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