STOCK EXCHANGE: Wall Street opened to a clear rise – Intel shares +9%

Wall Street’s stock markets opened higher on Thursday, making up for Wednesday’s back pack. On Wednesday, the stock market reacted nervously to hints by the central bank Fed about a possible interest rate hike in the future. As expected, the Fed kept its key interest rate unchanged in the range of 3.50-3.75 percent.

On Thursday, news about the progress of peace negotiations between Iran and the United States has boosted the market mood. The countries signed a memorandum of understanding that guarantees a ceasefire for at least 60 days. During this time, Iran has confirmed that the Strait of Hormuz remains open and ships can pass through it free of charge.

The S&P 500 index, which follows the largest companies, was up 1.1 percent right after the stock market opened, and the technology-focused Nasdaq was up 1.4 percent. The Dow Jones index of flagship companies strengthened by 0.8 percent.

Chip maker Intel’s the stock was on a strong nine percent rise when the president of the United States Donald Trump said that the company will start designing and manufacturing chips together Apple’s with. Also from other chip companies, such as Nvidia’s and AMDthe rates strengthened.

Consulting company Accentuations the course was down by more than 16 percent when the company announced this year’s revenue forecasts that were weaker than the market’s expectations.

US stock markets are closed on Friday for a local holiday.