US stock markets this week: Nasdaq leads Wall Street rally as AI stocks surge; S&P 500, Dow Jones also up around 1% (opens original article in a new tab)

US stock markets rose this week with tech and AI stocks leading gains, supported by easing geopolitical tensions and stable oil prices, despite Fed's cautious stance on inflation and interest rates.

• US stock markets saw strong gains with Nasdaq up over 2.5% and S&P 500 up about 1%
• Geopolitical tensions eased due to US-Iran agreement, stabilizing markets and reducing oil price concerns
• Federal Reserve's hawkish stance kept investors cautious about inflation and interest rates
• Technology and AI-related stocks drove market momentum despite ongoing uncertainties