Key insights
- US stocks are climbing amid US-Iran talks, raising hopes for easing geopolitical tensions. Gold rebounds from weekly lows due to rising inflation expectations and tighter monetary policy. AMD and Intel stocks surge on reports of upcoming price hikes due to supply chain constraints, potentially impacting consumer electronics and PC sectors.
Yahoo Finance anchor Josh Lipton tracks Wednesday's top moving stocks and biggest market stories.
Gold (GC=F) prices are rebounding, hovering around $4,500.
AMD (AMD) and Intel (INTC) stocks are surging on reports that the two chipmakers told clients price increases were on the way.
It's time for Yahoo Finance's Market Minute. US stocks climbing amid talks between the US and Iran, investors weighing reports that the US has approached Iran with a plan to halt the fighting, raising cautious hopes for an easing in a war that has roiled markets.
Gold is rebounding, hovering above 4,500 after dropping to a weekly low of 4,115 per ounce. Rising inflation expectations and tighter monetary policy have weighed on the precious metal in recent weeks.
move higher given hope that the sharp drawdown since the Iran war broke out has now bottom.
Lastly, shares of AMD and Intel jumping on a report of price hikes. Nikkei Asia reporting that the two cheap chip makers told clients they would increase prices starting in March and April respectively. The price hikes arrive as a supply crunch is affecting wait times for CPUs.
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