NASDAQ jumps as oil plunge fuels tech surge

MSN
2026.05.21 04:03
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The Nasdaq surged as semiconductor stocks, including ARM, AMD, and Nvidia, led the rebound ahead of Nvidia's earnings report. WTI crude oil prices dropped over 5% to below $100, driven by hopes of U.S.-Iran de-escalation, which eased inflation concerns and lowered bond yields. This shift in market sentiment, along with positive earnings data, boosted risk appetite across equities.