US President Donald Trump said on Wednesday that Iranian President Masoud Pezeshkian has requested a ceasefire from the US side, but stressed that any proposal would only be considered after the Strait of Hormuz resumes free navigation. US stocks continued to advance on Wednesday. The DJIA rose 250 points, or 0.5%; the S&P 500 gained 43 points, or 0.7%, while the Nasdaq led the rally, climbing 240 points, or 1.1%.

Iran threatened to attack US technology companies operating in the Middle East. However, as the chances of a US-Iran ceasefire increased, Alphabet (GOOG.US) gained 2%, NVIDIA (NVDA.US) rose 1%, while Microsoft (MSFT.US) and Apple (AAPL.US) traded steadily.

Oil prices retreated and fell below USD100, pressuring energy stocks. Chevron (CVX.US) and Exxon Mobil (XOM.US) both dropped more than 4%.

Among earnings-related movers, Nike (NKE.US) slumped 14% after its North America revenue for the previous quarter missed expectations.

Trump is scheduled to address the nation at 9 p.m. Eastern Time on Wednesday to provide the latest update on the US-Iran war.

(me/t)~

AASTOCKS Financial News
Website: www.aastocks.com

This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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