[New York Stock Exchange] Indices Rise Across the Board as Semiconductor Stocks Rebound and Oil Prices Fall

Trump: "Final Stage of Agreement"... Hopes for End to War
Tech Stocks Lead Market Rally

On June 9 (local time), all three major indices on the New York Stock Exchange are showing gains as international oil prices fall on hopes for an end to the war and semiconductor stocks continue to rebound.

As of 9:50 a.m. at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average is up 459.69 points (0.91%) from the previous session, standing at 51,245.70. The S&P 500 Index, which focuses on large-cap stocks, is up 72.16 points (0.97%) at 7,477.89, while the tech-heavy Nasdaq Index is up 296.63 points (1.14%) at 26,226.30.

New York Stock Exchange. New York (USA) - Special Correspondent Yoonjoo Hwang

Hopes for an end to the war are driving up the indices. U.S. President Donald Trump told reporters at New York's John F. Kennedy International Airport that the U.S. is "in the final stages of reaching a very good agreement" regarding the peace negotiations with Iran. When asked how long it would take to reach a deal, President Trump replied, "About two or three days."

As a result, on the New York Mercantile Exchange, West Texas Intermediate (WTI) crude oil is down 3.26% from the previous session, trading at $88.35 per barrel. At the ICE Futures Exchange, Brent crude is down 2.94% from the previous session, at $91.36 per barrel.

Oil stocks are declining, with ExxonMobil down 2.02% and Chevron down 1.36%. Other energy stocks, such as Occidental Petroleum (down 1.65%), Diamondback Energy (down 1.62%), and APA (down 3.05%), are also falling. In contrast, airline stocks such as Delta (up 4.15%), American Airlines (up 4.15%), and United Airlines (up 4.89%) are posting sharp gains.

Technology stocks are continuing their strong performance from the previous day and are leading the rise in the indices. At this time, Nvidia is up 0.75%, Broadcom is up 2.30%, and Micron Technology is up 2.15%. Applied Digital shares have risen 6.44% on news of a 15-year lease agreement with an unnamed U.S.-based hyperscaler, and the Philadelphia Semiconductor Index is up 1.92%.

Looking at the top stocks by market capitalization, Amazon is up 1.38%, TSMC is up 2.28%, Alphabet is up 2.01%, Tesla is up 0.76%, and Meta is up 1.68%, showing particularly strong gains.

According to CNBC, OpenAI further fueled the AI investment boom by submitting a confidential IPO application late the previous day. The market expects this IPO to add further momentum to the AI-driven bull market, but some investors are concerned that the $1.75 trillion valuation may mark the peak of this trend.

Some are skeptical about how long the stock market rally led by artificial intelligence (AI) and semiconductor stocks will continue. Brian Kusmanke, portfolio manager at GQG Partners, said, "From a long-term perspective, sustainability is what matters," adding, "For example, if energy prices rose 15-fold from $60 to $900 per barrel, how many people would really buy energy stocks?"

This content was produced with the assistance of AI translation services.