MOU Signed
Quick Read
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A U.S.-Iran truce sparked a broad market rally, with the Nasdaq surging 2% and oil easing to the low $80s.
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Fox Corp's $22 billion Roku acquisition sent FOX shares down 8%, while SpaceX climbed another 6%, pushing its valuation to $2 trillion.
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TD Cowen more than doubled its Micron price target to $1,500, citing rising DRAM demand and projected 2027 EPS of $150.
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Live Blog Update #4 Published
← Back to Full Coverage: Live Nasdaq Composite: Stocks Surge as Tech Leads Gains on Iran-U.S. Truce
President Trump has reportedly signed an MOU with Iran, sending the stock market soaring. The Dow Jones Industrial Average is up over 700 points to a fresh-all time high while the S&P 500 and Nasdaq Composite are adding 1.7% and about 3%, respectively.
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The Nasdaq 100 extended its rally, climbing 3% on the day, with SpaceX (Nasdaq; SPCX) shares surging more than 10% to lead gainers following last week’s blockbuster market debut. Meanwhile, SanDisk (Nasdaq: SNDK) shares hit a fresh all-time high, propelling the company into the ranks of the world’s 52 largest public companies.
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Google (Nasdaq: GOOGL) announced a $1.5 billion investment for 2026 and 2027 to expand its AI data center campus in Jackson County, Alabama. The tech giant said it will cover all of its own power needs and shoulder the infrastructure costs tied to its operations at the site.
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Nvidia (Nasdaq: NVDA) is moving to raise $20 billion via a seven-part U.S. bond offering, a sizable capital raise that adds to the wave of major corporate financial activity dominating the start of the week.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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