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Is the Bull Market Back? Stocks Roar Despite Middle East Conflict

New York - Lower Manhattan 'Wall Street Bull'

Is the Bull Market Back? Stocks Roar Despite Middle East Conflict

Published: by Omor IE

Key Points

  • The stock market has been remarkably bullish today.

  • Chip stocks are spearheading the gains, and other AI stocks are also up sharply.

  • Dozens of individual stocks have made sharp moves in both directions.

Stocks in almost every sector, minus energy, have been roaring higher today. This is despite a fresh conflict in the Middle East and slow progress on trade talks. The tariff pause expiry is also closing in fast, but Wall Street has been remarkably bullish.

Today’s rally stems from investors betting on a de-escalation between Iran and Israel. The worst-case scenario seems to have been averted, as Iran has signaled it is willing to negotiate. There was the risk of this conflict quickly spiraling out of control if Iran hit U.S. military bases and closed the Strait of Hormuz. This would’ve caused a worldwide crisis, since a fifth of all the oil and natural gas flows through it.

Regardless, the market seems very bullish in the meantime, and this could continue if the conflict in the Middle East stays “limited” in Wall Street’s eyes.

Here’s a market update as of 11:30 AM (ET) today.

  • The S&P 500 is up 63.39 points, or 1.06%.
  • The Nasdaq Composite is up 295.33 points, or 1.52%.
  • The Dow Jones Industrial Average is up 389.07 points, or 0.92%.

AI and Chip Stocks Surge

  • AMD (NASDAQ: AMD) has been the biggest big-cap gainer today, percentage-wise. It is up 9.4%.
  • Super Micro Computer (NASDAQ: SMCI) is up 6.6%.
  • ON Semiconductor (NASDAQ: ON) is up 5.3%.
  • Micron (NASDAQ: MU) is up 4.6%.
  • Lam Research (NASDAQ: LRCX) is up 4.4%.

NVDA, PLTR, META, AVGO, TSLA, DELL, ETN, WDC, and MPWR are all up.

Notable Gainers Today

  • EchoStar (NASDAQ: SATS) is up 46.8% due to Trump urging the company to cut a deal with the Federal Communications Commission.
  • SAGE Therapeutics (NASDAQ: SAGE) is up 34.7% as the company is being bought by Supernus Pharmaceuticals (NASDAQ: SUPN) for $561 million.
  • Circle (NYSE: CRCL) is up 22.4% as the post-IPO rally continues.
  • Nano Nuclear Energy (NASDAQ: NNE) is up 20.4% due to optimism about small modular reactor technology being adopted.
  • MNTN (NYSE: MNTN) is up 19.8% due to many firms upping their price targets and expectations here in tandem.

Notable Losers Today

  • Sarepta Therapeutics (NASDAQ: SRPT) is down 46% as a second patient died after taking its drug. The patient was being treated for Duchenne muscular dystrophy, but died of acute liver failure. Another patient died of acute liver failure in March.
  • Focus Impact BH3 Acquisition (NASDAQ: SAFX) is down 19.6% as it appoints a new board of directors following a business combination and Nasdaq listing.
  • KULR Technology (NYSEAMERICAN: KULR) is down 19.1% due to a recent reverse stock split. It is conducting a 1-for-8 reverse stock split, effective June 23.
  • LiveWire Group (NASDAQ: LVWR) is down 17.9% after a board member resigned.
  • Sunrun (NASDAQ: RUN) is down 9% as it is shedding earlier gains from late last week.

The image featured at the top of this post is ©Openverse.

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