Trump Once Again 「TACO」 Sends Peace Signal, US Stocks Soar with Nasdaq Up Over 2.5%, Semiconductor Index Surges 8%

BlockBeats News, June 12th, according to Bitget market data, Trump "TACOed" (Take Another Cycle Out) again this morning, calling off the strike against Iran and signaling that an agreement could be reached as early as this weekend. The U.S. stock market saw a sharp rise, with the Nasdaq 100 index closing up approximately 3.5%, marking its best single-day performance in over a year. The Nasdaq rose by over 2.5%, led by tech stocks, with the semiconductor index surging 8%.

The U.S. semiconductor and storage sectors saw a widespread increase, including:

Marvell Technology (MRVL) surged by 11.13%;

Intel (INTC) surged by 9.27%;

AMD (Advanced Micro Devices) rose by 7.97%;

Qualcomm (QCOM) rose by 6.15%;

Seagate Technology (STX) rose by 6.38%;

Western Digital (WDC) rose by 8%;

SanDisk (SNDK) surged by 14.5%;

Micron Technology (MU) surged by 11.6%.

On the U.S. bond front, the 10-year yield fell by 10 basis points to 4.45% in a single day, with the 7-year treasury bond showing the most significant performance, with a 12-basis-point decrease in yield. International crude oil futures plunged, with Brent crude falling below $89.50, dropping by 3.9% intraday, and WTI crude falling below $86.60, down nearly 3.9% intraday.