LIVE Market News: Relief rally in full effect after Trump tones down war rhetoric

Dow surges 1,000 points on quarter-end flows

The Dow jumped over 1,000 points while the Nasdaq gained 3.6% and S&P 500 rose 2.5%, though analysts attribute much of the move to month-end rebalancing and short-covering after extreme negative sentiment rather than fundamental strength.

Worst quarter since 2022 despite rally

The S&P 500 closed the quarter down roughly 4-5%, marking its worst performance since September 2022, with defensive sectors like Staples and Healthcare posting their worst monthly declines since 2018.

Technical resistance remains overhead

Markets remain below the critical 200-day moving average with significant selling pressure expected at resistance levels between 6,600 and 6,800 on the S&P 500.

Iran signals conditional willingness to negotiate

Iran's president stated the country has the 'necessary will to end this war' in exchange for guarantees, though the Foreign Minister clarified they are only exchanging messages with the US rather than actively negotiating.

Wide gap between US and Iranian demands

Iran seeks control of the Strait of Hormuz, rebuilt nuclear capabilities, and wartime reparations, while the US demands international control of the strait and dismantled nuclear programs, leaving the two sides irreconcilably far apart.

Oil prices cautious despite headline relief

Brent crude fell 2.5% but physical barrels in Dubai and Oman still trade at $160-$170, suggesting futures must rise to meet physical realities and that geopolitical risk premiums will persist for years.

$2 billion Marvell partnership targets Broadcom

Nvidia's investment aims to strengthen Marvell's ecosystem to help customers like Amazon integrate custom ASICs with Nvidia GPUs, potentially weakening competitor Broadcom's position in the custom silicon market.

Securing the AI supply chain

The partnership ensures Marvell can ramp production and avoid bottlenecks in critical AI infrastructure components, particularly in optics and high-bandwidth connectivity.

Explosive market growth continues

The data center silicon market is expanding from $200 billion to $400 billion this year, with Nvidia reporting $1 trillion in Blackwell chip bookings through 2027.