Energy Markets
Oil prices hold at pre-war levels, but stocks surge on news of chip production
Wall Street surged Monday, and oil prices settled at pre-Iran War?levels as investors awaited new developments in the AI and chipmaker sectors ahead of corporate earnings. The three major U.S. stock indexes all ended the day in positive territory. The Dow Jones Industrial Average closed the day up by 0.29%. Meanwhile, the S&P 500 rose 0.72% while the Nasdaq Composite increased 1.12%. MSCI's global index of stocks rose by 0.41%. Global AI continued to dominate the markets. South Korean chipmaker SK Hynix 00660.KS launched a U.S. shares sale on Monday to raise 43 trillion won (28.07 billion dollars) and received...