Easing China trade tensions after comments from President Donald Trump and surging Big Tech stocks sent markets significantly highertoday. Trump also declared the war in Gaza is over, with a ceasefire deal signed. The Dow snapped its five-day losing streak and added nearly 600 points, while the Nasdaq rose 490 points as chip stocks surged in response to OpenAI's deal with Broadcom (AVGO). Elsewhere, the Cboe Volatility Index (VIX) marked its worst day since August.
Continue reading for more on today's market, including:
Plus, lithium stocks to watch; profit miss dings industrial supply giant; newbie beams with bull notes.
5 Things to Know Today
Ukrainian President Volodymyr Zelenskyy will meet with President Trump at the White House on Friday. (CNBC)
Philadelphia Federal Reserve President Anna Paulsen said two interest rate cuts could still happen this year, despite recent trade tensions. (Bloomberg)
Crude futures rebounded off Friday's five-month lows, as U.S.-China tensions softened. November-dated West Texas Intermediate (WTI) crude added $1.15, or 2%, to settle at $60.05 per barrel.
Gold notched more record highs today, with prices breaking above $4,100. Silver also rose to all-time highs. December-dated gold futures settled 3.3% higher at $4,133 per ounce.
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