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Dow S&P Nasdaq surge as AMD rockets 19 percent and oil crashes on Iran peace hopes
India
Published on 6 May 2026
A ceasefire framework bet flips energy and yields
Wall Street surged as the Dow jumped about 650 points and the Nasdaq gained sharply, powered by a dramatic 19% jump in AMD shares. Traders also latched onto rising U.S.-Iran ceasefire hopes, which drove oil prices down, eased inflation worries, pushed bond yields lower, weakened the dollar, and lifted gold to new highs.
- AMD shares jumped nearly 19%, lifting chip-related momentum
- Dow and Nasdaq rallied on broad risk-on sentiment
- Iran peace hopes pushed oil sharply lower and eased inflation fears
- Lower yields, a weaker dollar, and higher gold signaled a shift
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times