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US stocks were on track to set a record high on Tuesday, buoyed by semiconductor and memory stocks with sentiment improving broadly as the US-Iran ceasefire appeared to hold.
Source
Bloomberg Markets
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“There is not a ‘break-the-glass’ solution,” says former Treasury Secretary Steven Mnuchin of backup plans if the U.S. can’t finance its debt.
Gold was steady after a gain as the US-Iran ceasefire continued to hold despite reports of a cargo vessel being targeted, easing fears of an escalation that would fuel inflation risks.
Amazon’s stock needs to rise less than 2% for the company’s market cap to top $3 trillion — something only four other companies have ever achieved.
IDC analysts say that the memory market can break from its historical tendency to see dramatic booms and busts.
