ASML Jumps 9% as Nasdaq Gains 2.9% After Iran Ceasefire Deal
ASML shares surged about 9% in early trading as the Nasdaq rose 2.9% following a US-Iran ceasefire deal. The broader semiconductor rally included similar gains at Lam Research and Western Digital, contributing to the tech-led rebound in US equity benchmarks.
1. US-Iran Ceasefire Sparks Market Rally
The announcement of a US-Iran ceasefire deal triggered a broad rebound in US equity markets, with the Nasdaq Composite jumping 2.9% and the Russell 2000 climbing 3.45% in early trading. Reduced geopolitical risk sent crude oil prices down over 15%, boosting sentiment for growth stocks.
2. ASML Leads Semiconductor Gains
ASML shares surged approximately 9% as part of a semiconductor rally that also saw Lam Research and Western Digital rise by similar margins. The company's strong performance contributed significantly to the tech-led advance in major indexes and underscored investor appetite for chip equipment manufacturers.