On Tuesday, April 14th, the three major U.S. stock indices opened higher, with the Nasdaq Composite Index extending gains to nearly 1%.
Most major technology stocks advanced. Around 22:00, the "Magnificent Seven" tech giants were all in positive territory, with Facebook, Amazon, and Tesla each rising approximately 2%. Globalstar surged over 9% to its highest level since 2008 after Amazon agreed to acquire the company for $90 per share. Oracle saw gains exceeding 7% at one point, while cloud computing services provider Coreweave climbed nearly 5%. Optical interconnect leader Credo jumped close to 13%.
Nuclear energy stocks collectively rallied. NuScale Power skyrocketed more than 17%, with Oklo and NANO Nuclear Energy both rising over 10%. Centrus Energy and Energy Fuels gained nearly 5%.
Several gold mining stocks moved higher, with Hycroft Mining advancing almost 7%. In commodity markets, gold and silver prices rose sharply. Spot gold broke through $4800 per ounce, and New York gold futures surpassed $4820 per ounce, both climbing more than 1%. New York silver futures increased 3.6%, while spot silver rose 2.6%.
Cryptocurrency-related concepts experienced a rally. Robinhood surged over 7%, Circle gained more than 6%, and Strategy and Coinbase both rose over 5%. IREN and BMNR advanced more than 4%. Cryptocurrencies broadly surged, with Bitcoin breaking above $75,000, marking a nearly 6% increase over the past 24 hours. Ethereum soared over 9%. More than 176,000 traders globally faced liquidations in the crypto market.
U.S.-listed Chinese stocks generally rose. Kaixin Auto Holdings gained over 8%, Canaan climbed more than 5%, while Futu Holdings, Kingsoft Cloud, Pony.ai, and JD.com each advanced over 4%.
On the downside, several semiconductor stocks pulled back. SanDisk fell more than 4%, Intel declined 3%, and Teradyne and GlobalFoundries dropped over 1% each. Fifth Third Bancorp slid over 4%, marking its largest single-day decline in a month.
Energy stocks declined significantly. The S&P 500 Energy Index fell 3%, erasing all gains made since the Iran conflict began. International oil prices extended losses, with WTI crude falling below $95 per barrel, down over 6% on the day. Brent crude futures declined more than 2%.
On the news front, both the annual and monthly rates for U.S. headline and core Producer Price Index (PPI) for March came in well below market expectations. Following the data release, the U.S. Dollar Index continued to decline. According to reports, Federal Reserve official Austan Goolsbee stated that if U.S. inflation remains stubbornly high, the timing for interest rate cuts could be postponed until after 2026.
Separately, the International Monetary Fund (IMF) lowered its global economic growth forecast for this year by 0.2 percentage points to 3.1%, citing increased uncertainty due to the impact of Middle East conflicts.
There were new developments regarding U.S.-Iran talks. According to reports, an Iranian embassy press officer in Pakistan stated that Iran prioritizes holding a new round of Iran-U.S. talks in Islamabad. Additionally, an Iranian government spokesperson mentioned that war compensation is one of the topics in negotiations between Iran and the U.S., with preliminary estimates of Iranian losses reaching $270 billion.
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