Gate News message, April 24 — The S&P 500 and Nasdaq Composite closed at record highs on April 24, driven by optimism over potential Iran-U.S. peace negotiations and a strong surge in semiconductor stocks, particularly Intel. The S&P 500 gained 56.68 points (0.8%) to 7,165.08, while the Nasdaq Composite jumped 398.09 points (1.63%) to 24,836.60. The Dow Jones Industrial Average fell 79.61 points (0.16%) to 49,230.71.
Iran’s foreign minister, Abbas Araqchi, was expected to arrive in Islamabad on April 24 to discuss peace talk proposals, according to Pakistani government sources. The U.S. White House announced that President Donald Trump’s special envoy Steve Witkoff and son-in-law Jared Kushner will travel to Islamabad on the morning of April 25 for talks with Iran mediated by Pakistan. Markets have rallied in recent weeks on hopes for resolving the Iran conflict, though gains were tempered earlier in the week as optimism dimmed and the Strait of Hormuz remained closed.
Semiconductor stocks led the market’s advance, with the Philadelphia SE Semiconductor Index (tracking chip sector performance) rising 4.32% to extend its record streak to 18 consecutive sessions. Intel surged 23.65% to close at a record $82.57, becoming the best performer on the S&P 500. AMD and Arm both climbed approximately 14%, while Nvidia gained 4.32% and reached a record close as it approached a $5 trillion market valuation. The S&P 500 technology index rose 2.46%, outperforming all 11 major sectors. For the week, the S&P 500 gained 0.55%, the Nasdaq rose 1.5%, and the Dow fell 0.44%.
Market optimism also reflects strong earnings growth expectations. First-quarter earnings growth expectations now stand at 16.1%, up from 14.4% at the start of April, according to LSEG data. Attention is shifting to the Federal Reserve’s meeting next week, with markets pricing in approximately a 39% chance of a rate cut of at least 25 basis points in December, up from about 23% in the prior session. The U.S. Justice Department has also closed its investigation into Fed Chairman Jerome Powell, clearing a path for the confirmation of Kevin Warsh, President Trump’s nominee to lead the central bank.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S. Solana Spot ETFs Record $1.17M Net Outflows; Fidelity FSOL Posts Inflows
Gate News message, April 25 — According to SoSoValue data, U.S. Solana spot ETFs recorded a combined net outflow of $1.1736 million yesterday (April 24, ET).
Fidelity Solana Fund ETF (FSOL) posted a daily net inflow of $257,000, bringing its historical cumulative net inflows to $158 million.
GateNews2m ago
Nio Spins Off Chip Unit Shenji to Reduce Reliance on Nvidia
Gate News message, April 25 — Chinese EV maker Nio announced on April 24 that it has spun off its chip division, Shenji, into an independent company to reduce reliance on suppliers such as Nvidia and improve profit margins.
Shenji's first chip, the NX9031, uses a 5-nanometer automotive-grade
GateNews7m ago
U.S. Oil Market Under Investigation for Suspicious Insider Trading; Trump Policy Dominates Market Movements
Gate News message, April 25 — Macro trends and geopolitical tensions dominated market movements this week. U.S.-Iran tensions continue to pressure oil prices and global risk assets, with the Strait of Hormuz blockade unresolved and negotiations shifting toward "complete ceasefire." Risk-off
GateNews11m ago
Google Invests $10B in Anthropic at $350B Pre-Money Valuation, with Up to $30B Additional Tied to Performance Milestones
Gate News message, April 25 — Google and Anthropic have reached a new investment agreement with Google committing $10 billion in immediate cash at a $350 billion pre-money valuation, according to Beating monitoring. An additional $30 billion will be deployed once Anthropic reaches specific
GateNews18m ago
XRP Spot ETF Records $6.44M Daily Net Inflows, AUM Reaches $1.095B
Gate News message, April 25 — XRP spot ETFs posted daily net inflows of $6.44 million, according to SoSoValue data. The funds' total assets under management (AUM) reached $1.095 billion, with XRP comprising 1.23% of net assets.
Historical cumulative net inflows for XRP spot ETFs have reached $1.291
GateNews19m ago
Intel Stock Surges 28%, U.S. Government's 9.9% Stake Reaches $360B Valuation
Gate News message, April 25 — Intel stock soared nearly 28% on April 24 (local time), hitting an all-time high after the company's first-quarter earnings significantly exceeded expectations. The rally pushed the U.S. government's 9.9% stake in Intel to approximately $360 billion in market
GateNews37m ago
