economy
Stocks gain on Iran ceasefire, plus 3 more things that drove last week's market
Although the market rally cooled on Friday, the S&P 500 still ended the week 3.6% higher.
TL;DR
- S&P 500, Nasdaq, and Dow posted their best weeks since November following a U.S.-Iran ceasefire.
- Inflation data showed a 0.9% rise in CPI for March, with energy costs driving the increase.
- Investors favored hardware and AI infrastructure stocks over software companies.
- Meta unveiled a new AI model, Muse Spark, boosting its stock performance.
- Semiconductor stocks like Marvell Technology and Intel saw significant gains.
- Software stocks such as Salesforce and Adobe experienced declines.