US stocks opened slightly higher on Wednesday as investors awaited the Federal Reserve’s latest monetary policy decision and monitored developments in the Middle East that continued to influence oil prices and broader market sentiment. The Dow Jones Industrial Average was up by 50 points. The S&P 500 gained 0.11% while the Nasdaq Composite rose 0.28%.
Micron Technology (MU) shares rose in trading on Wednesday. The gains came as Deutsche Bank became the latest Wall Street firm to raise its price target on the memory-chip maker, citing persistent supply constraints and surging demand from artificial intelligence applications. The stock gained 2.4% on Wednesday after falling more than 6% in the previous
AST SpaceMobile (ASTS) shares moved higher on Wednesday after the company successfully launched three of its largest communications satellites aboard a SpaceX Falcon 9 rocket. The launch marked an important milestone in its effort to build a space-based cellular broadband network. The launch sent BlueBird 8, 9, and 10 into orbit from Cape Canaveral Space
Broadcom (AVGO) shares moved higher on Wednesday as investors returned to semiconductor stocks and analysts at JPMorgan reiterated their bullish outlook on the chipmaker. The bank argued that the market continues to underestimate the company’s long-term artificial intelligence opportunity. The stock rose 5.17% during trading. The rebound followed a difficult month for Broadcom shares, which
Gold steadied near a more than one-week high on Tuesday as investors waited for details of the preliminary US-Iran agreement that has cooled oil prices and revived hopes that inflation pressure may ease. Spot gold was little changed around $4,315 an ounce after Monday’s sharp rally, while August futures slipped. The metal remains supported by
The US dollar held near 10-day lows on Tuesday as traders weighed the relief from a preliminary US-Iran peace agreement against a heavy week of central-bank decisions. The deal has helped calm oil markets and improve risk appetite, but currency moves have been more measured than the rally in stocks and bonds. Investors are still
Ethereum has climbed more than 4% over the past week, recovering from a recent slide as corporate treasury buying, whale accumulation, and improving geopolitical sentiment have combined to lift demand for the second-largest cryptocurrency. According to Bitmine Immersion Technologies, the company recently completed a $273.8 million preferred equity raise and used $136 million of the
While a US–Iran deal to reopen the Strait of Hormuz may ease geopolitical tensions, auto repair shops in Tokyo and dealerships in Detroit are unlikely to see quick relief from shortages of motor oil, paint thinner, and other petroleum‑derived products. Industry executives warn that supply chains remain snarled, and smaller garages are being squeezed hardest,
Morgan Stanley has lowered its oil price forecasts for the remainder of 2026, citing expectations of improved supply flows following the US-Iran agreement to reopen the Strait of Hormuz. The bank said the deal has eased geopolitical risk premiums and could gradually normalise global trade routes disrupted by months of conflict, according to a Bloomberg
Middle Eastern crude markets weakened on Tuesday as optimism grew over a potential reopening of the Strait of Hormuz following progress in the US-Iran agreement. Traders are increasingly pricing in a faster return of blocked oil supplies from the Persian Gulf, leading to a noticeable easing of the war premium that had dominated the market