Nasdaq 100 Rallies, Oil Sinks To $75 On Iran Peace Deal: Stock Market Today
U.S. stocks, especially megacap technology and semiconductors, rallied on Thursday following a newly signed U.S.-Iran peace deal that sent oil prices tumbling to a three-month low, with West Texas Intermediate crude falling to $75 a barrel. The Nasdaq 100 significantly outperformed other major indices, climbing 1.5% due to chipmakers' strength, particularly driven by news of a potential Intel-Apple chip manufacturing pact. Conversely, IT services companies experienced declines after Accenture cut its revenue guidance, signaling cautious enterprise spending.
https://www.benzinga.com/markets/market-summary/26/06/53283834/nasdaq-100-rallied-intel-apple-deal-oil-sinks-on-iran-peace-deal