On Wall Street, technology stocks continued to support the market despite geopolitical tensions and volatility in oil prices.
According to international news agencies such as Reuters, AP, and Investopedia, the market opened lower after the failed negotiations between the United States and Iran last weekend, raising concerns about disruptions in global oil supplies. This immediately caused crude oil prices to soar, surpassing $100 per barrel and fueling fears of inflation and rising energy costs.Fact Check: Wall Street experienced high volatility on April 13, with technology stocks leading the market despite geopolitical tensions and oil price fluctuations.
However, contrary to initial concerns, major indices gradually rebounded during the session. At the close, the S&P 500 rose by 1%, returning to its pre-American-Israeli attacks against Iran level in late February, down only 1.3% from its record high earlier this year. The Dow Jones gained 301 points, or 0.6%, and the Nasdaq Composite rose by 1.2%, driven by technology stocks.Fact Check: The market showed relative stability despite geopolitical risks, with investors betting on a scenario where the conflict does not escalate into a major economic crisis, while anticipating continued open negotiation channels.
One of the factors contributing to easing tensions in the markets was the decline in oil prices during the session, after a sharp increase earlier in the day. While Brent remained around $100 per barrel, this level was significantly lower than the peak of nearly $119 reached during the height of tensions. This decline helped alleviate pressure on investor morale.Context: Tensions eased in the market as oil prices dropped during the day, offering some relief to investors.
However, the risk of oil supply disruptions remains. The Strait of Hormuz, through which about 20% of the world’s oil production passes, remains a major point of tension, with Iran threatening to tighten restrictions on maritime activities.Fact Check: Concerns persist over potential disruptions in oil supply, with the Strait of Hormuz remaining a focus due to Iran’s threats of increased maritime restrictions.
In this context, technology stocks continued to play a crucial support role for the market. Companies related to artificial intelligence (AI) and software saw positive gains, contributing to the upward trend in the Nasdaq. This sector continued to attract significant capital inflows, thanks to long-term growth prospects.Fact Check: Technology stocks remained strong, particularly in the AI and software sectors, attracting substantial investment.
Many individual stocks experienced significant fluctuations. Oracle surged by 12.7%, rebounding strongly after a period of sharp declines due to concerns about the costs of investments in AI. ServiceNow rose by 7.3% and AppLovin by 6.7%, indicating a recovery trend in the software technology sector.Fact Check: Specific stocks showed notable movements, with Oracle and other tech companies experiencing significant gains.
Overall, the trading session on April 13 reflected the dilemma on Wall Street: geopolitica…
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