Dow Hits Record High as Easing Oil Prices and SpaceX Rally Boost Wall Street

Wall Street witnessed a historic session on Tuesday as the Dow Jones Industrial Average surged to a fresh intraday all-time high. The rally was primarily fueled by a significant drop in global crude prices and massive momentum in the technology and aerospace sectors.

Oil Prices Slump Amid US-Iran Peace Optimism

Investor sentiment received a major boost from a tentative agreement between the United States and Iran. The deal aims to reopen the Strait of Hormuz, a critical global energy artery, which has significantly calmed fears of supply disruptions.

This geopolitical development led to a sharp decline in crude prices. Brent crude fell by 3.6 per cent to approximately $80.20 a barrel, briefly dipping below the $80 mark for the first time since early March. While the news provided a tailwind for broader markets, the energy sector itself saw a slight slip of 0.4 per cent as oil hit nearly a three-month low. Despite the optimism, analysts remain cautious regarding Iran's nuclear programme and the actual timeline for restoring full shipping operations.

SpaceX Becomes Fifth-Most Valuable US Company

A standout performer in the trading session was SpaceX, which continued its blockbuster momentum following its stock market debut. Shares surged between 7% and 9.5% on Tuesday, pushing the company's market valuation above Amazon. This rally has catapulted SpaceX to the position of the fifth-most valuable US-listed company.

Adding to its growth trajectory, SpaceX announced a massive $60 billion plan to acquire software firm Anysphere. This strategic move is designed to aggressively expand the company’s footprint in the enterprise artificial intelligence (AI) market.

Financials and Chipmakers Lead Market Gains

Sectoral performance was robust, with financial stocks leading the charge. The S&P financial index climbed 1.1 per cent, supported by gains in major institutions: JPMorgan Chase rose 1.8 per cent, Bank of America gained 1.2 per cent, and Goldman Sachs added 1.3 per cent.

सेमीकंडक्टर आणि मेमरी-चिप क्षेत्रातही मोठी हालचाल दिसून आली. वेस्टर्न डिजिटलमध्ये ९ टक्के वाढ झाली, तर सीगेट टेक्नॉलॉजीमध्ये ६ टक्के वाढ झाली. याव्यतिरिक्त, ८ अब्ज ते १० अब्ज डॉलर्सच्या करारांतर्गत AI चिप स्टार्टअप Tenstorrent ला अधिग्रहित करण्याच्या चर्चेत असल्याच्या वृत्तांमुळे Qualcomm मध्ये ३.६ टक्के वाढ झाली.

बाजार फेडरल रिझर्व्हच्या धोरणात्मक निर्णयाकडे लक्ष देत आहे

विक्रमी उच्चांकांनंतरही, सत्राच्या उत्तरार्धात बाजाराचे वातावरण संमिश्र झाले, ज्यामध्ये S&P 500 मध्ये ०.२ टक्के आणि Nasdaq मध्ये ०.४ टक्के घसरण झाली. गुंतवणूकदार आता बुधवारी होणाऱ्या अमेरिकन फेडरल रिझर्व्हच्या धोरणात्मक निर्णयाकडे आपले लक्ष केंद्रित करत आहेत.

नवीन फेड चेअरमन केविन वॉश यांच्या नेतृत्वाखालील हा पहिला निर्णय आहे. मध्यवर्ती बँक व्याजदर सध्याच्या ३.५०–३.७५ टक्के श्रेणीतच कायम ठेवेल अशी व्यापक अपेक्षा असली तरी, व्यापारी भविष्यातील मार्गदर्शनाकडे बारकाईने लक्ष ठेवून आहेत. CME Group च्या FedWatch टूलनुसार, डिसेंबरमध्ये २५ बेसिस-पॉइंट व्याजदर वाढण्याची सध्या ४२ टक्के शक्यता आहे.

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