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Markets Rise Amid AI Surge and Oil Dip | Odessa News
Despite new airstrikes on Iran and retaliatory strikes targeting allies, the stock market shrugged off the tension, with the S&P 500 up 0.8%, the Dow gaining 139 points, and the Nasdaq surging 1.3%. Oil prices dipped 2.2% amid fears of supply disruptions through the Strait of Hormuz, while AI stocks rallied, led by Micron’s big bet on semiconductor manufacturing in New York. Gasoline prices edged up to $3.85 a gallon, adding to inflation concerns. As earnings season kicks in, investors eye strong corporate results — with AI still soaring and companies like PepsiCo signaling weakening demand…
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