The markets have shown positive momentum following news of a potential ceasefire in the Middle East, specifically between Israel and Iran, despite some ongoing tensions. Big Tech stocks are significantly contributing to this surge, with Microsoft, Nvidia, and Apple having a combined market capitalization surpassing $10 trillion. The increase in technology share prices has benefitted the overall indices, with Dow Jones, Nasdaq, and S&P 500 all posting gains. Meanwhile, the housing market is experiencing a slowdown, with home prices rising at their slowest pace in two years due to high mortgage rates.
With technology stocks rising, Big Tech companies are seeing their values balloon, with the combined market caps of Microsoft, Nvidia, and Apple exceeding $10 trillion.
The markets are displaying a sense of optimism this morning on reports of an easing of Middle East tensions, though missile attacks by Israel cast doubts on a ceasefire.
Collection
[
|
...
]