The S&P 500 Index posted its best day since February as concerns about the closure of the Strait of Hormuz’s impact on global supply chains abate and Nvidia Corp. Chief Executive Officer Jensen Huang kicked off its annual AI conference.
Source
Bloomberg
Opens original article in a new tab
Gurley's VC firm Benchmark was an early Uber investor, and he helped oust then-CEO Travis Kalanick in 2017.
Stocks in Asia were poised to rise after a pullback in oil prices lifted Wall Street, amid hopes that more tankers will be able to pass through the Strait of Hormuz.
The Iran war wasn't expected to derail the Trump-Xi meeting in China, but analysts said it would influence the talks and any agreements that come out of them.
The president recently launched a war in Iran after topping Venezuelan leader Nicolas Maduro by force.