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NASDAQ:HPQ 24 May 2026

Asia Stocks Face Big Week as Oil, Bonds, AI Stay in Spotlight

Asia Stocks Face Big Week as Oil, Bonds, AI Stay in Spotlight

Asia’s stock markets open Monday with traders watching chips, as oil, yields, and regulators in China weigh on sentiment. Headlines out of Washington added some uncertainty. U.S. President Trump said a peace deal with Iran is “largely negotiated.” But Iranian media denied his claim that the Strait of Hormuz has reopened.
24 May 2026
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Stock Market Today

  • Tech Lifts Wall Street, Oil Sinks as Traders Watch Middle East
    July 9, 2026, 6:14 PM EDT. Stocks rose with the Nasdaq up 1.3%. The S&P 500 gained 0.81%. The Dow edged higher by 0.27%, with tech leading the move. Traders looked past fresh Middle East worries. US crude tumbled 2.3% to $71.83, Brent slid 2.5% to $76.05, even with tensions near the Strait of Hormuz. Investors kept buying as signs pointed to China facing curbs on Nvidia's AI chips, while SK Hynix drew big demand for its $28 billion US listing. Weekly jobless claims fell but home sales dropped, blamed on high prices. The Philadelphia Semiconductor index jumped 3%. Yields on 10-year Treasuries relaxed to 4.547%.
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