Nasdaq opens up 1.49%, Intel surges over 10% to record high

Glonghui, June 18 — The US and Iran have signed a memorandum of understanding, boosting market sentiment. All three major US stock indexes opened higher, with the Nasdaq up 1.49%, the S&P 500 rising 1.15%, and the Dow Jones increasing 0.76%. Intel surged over 10% to a record high after Trump revealed that Apple agreed to partner with Intel to design and manufacture chips in the US. Apple rose more than 1%, as CEO Cook stated plans to increase product prices to offset soaring costs for memory and storage chips. Accenture fell more than 18% as Q3 orders unexpectedly dropped by 2% and Q4 revenue outlook was weaker than analysts expected.