"With technology stocks rising, Big Tech companies are seeing their values balloon, with the combined market caps of Microsoft, Nvidia, and Apple exceeding $10 trillion."
"The markets are displaying a sense of optimism this morning on reports of an easing of Middle East tensions, though missile attacks by Israel cast doubts on a ceasefire."
The markets have shown positive momentum following news of a potential ceasefire in the Middle East, specifically between Israel and Iran, despite some ongoing tensions. Big Tech stocks are significantly contributing to this surge, with Microsoft, Nvidia, and Apple having a combined market capitalization surpassing $10 trillion. The increase in technology share prices has benefitted the overall indices, with Dow Jones, Nasdaq, and S&P 500 all posting gains. Meanwhile, the housing market is experiencing a slowdown, with home prices rising at their slowest pace in two years due to high mortgage rates.
Read at 24/7 Wall St.
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