US stocks diverged on Thursday amid fresh doubts about President Trump's ability to end the war with Iran and a potential shake-up to the booming AI trade.
The Dow Jones Industrial Average (^DJI) rose over 1.7%, or more than 900 points. The benchmark S&P 500 (^GSPC) added 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) pared losses to around 0.2%.
Broadcom (AVGO) shares sank more than 14% after its AI chip forecast disappointed, raising questions about the strength of the broadly booming AI trade.
Meanwhile, on Wednesday evening, following the most serious escalation between the US and Iran since the April ceasefire took effect, the House of Representatives voted to end the war in a rebuke to Trump. Earlier in the day, stocks retreated from records, and oil rose as hopes for a quick Iran deal faded.
Elsewhere, ****** eX confirmed in a new filing that it plans to secure a record-breaking $75 billion in its IPO on June 12. Relaxed rules that could fast-track ****** eX's inclusion in index funds mean that 401(k) investors could wind up invested in the company without buying a single share.
The Dow Jones Industrial Average (^DJI) rose over 1.7%, or more than 900 points. The benchmark S&P 500 (^GSPC) added 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) pared losses to around 0.2%.
Broadcom (AVGO) shares sank more than 14% after its AI chip forecast disappointed, raising questions about the strength of the broadly booming AI trade.
Meanwhile, on Wednesday evening, following the most serious escalation between the US and Iran since the April ceasefire took effect, the House of Representatives voted to end the war in a rebuke to Trump. Earlier in the day, stocks retreated from records, and oil rose as hopes for a quick Iran deal faded.
Elsewhere, ****** eX confirmed in a new filing that it plans to secure a record-breaking $75 billion in its IPO on June 12. Relaxed rules that could fast-track ****** eX's inclusion in index funds mean that 401(k) investors could wind up invested in the company without buying a single share.
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