[New York Market] Surges on ceasefire hopes...IonQ jumps 20%

On the 14th (local time), the New York stock market jumped on renewed hopes that ceasefire talks with the Islamic Republic of Iran will resume.
Big tech stocks led the gains, and the Nasdaq Stock Market (Nasdaq) rose for the 10th consecutive trading session.
Marking "World Quantum Day," IonQ soared more than 20% after presenting a foundational technology for the quantum internet.

Expectations that ceasefire talks with the Islamic Republic of Iran will restart for a second day acted as a spark for the New York market’s rally.
Investor sentiment was lifted after Donald Trump said in an interview with the New York Post that talks could resume "within two days."
The Dow Jones Industrial Average (DJIA) closed at 48,535.99, up 317.74 points, or 0.66%, from the previous session.
The Standard & Poor's 500 Index (S&P 500), which had fully recovered the losses from the recent Iran war in the previous session, climbed 81.14 points, or 1.18%, to finish at 6,967.38.
The Nasdaq extended the rally that began on the 31st of last month to a 10th straight trading day, surging 455.35 points, or 1.96%, to close at 23,639.08.
The Cboe Volatility Index (VIX), often called Wall Street’s "fear gauge," fell 0.76 points, or 3.97%, to 18.36.

Quantum computing startups were among the standout gainers in the market.
On World Quantum Day, created in 2021 by scientists in the field, leading player IonQ unveiled a new technology, triggering a sharp rally in quantum computing stocks.
IonQ soared 6.00 dollars, or 20.16%, to 35.76 dollars. Rigetti Computing jumped 1.74 dollars, or 11.50%, to 16.87 dollars, while D-Wave Quantum also surged 2.32 dollars, or 15.84%, to 16.97 dollars.
According to Barron’s, IonQ announced a new technology that could become the cornerstone of the quantum internet.
The company succeeded in optically linking two separate trapped-ion quantum systems. In effect, two distinct quantum computers can now be made to operate as if they were a single machine. Networking multiple quantum computers in this way would enable the construction of a quantum internet, a pace of progress seen as faster than many had expected.

Nvidia, the flagship artificial intelligence (AI) stock, also benefited from the renewed enthusiasm for the quantum computing theme sparked by IonQ.
Nvidia is focusing not on quantum hardware but on the operating systems that run it.
Nvidia jumped 7.20 dollars, or 3.80%, to 196.51 dollars.
Alphabet surged 11.60 dollars, or 3.61%, to close at 332.91 dollars, while Tesla climbed 11.78 dollars, or 3.34%, to 364.20 dollars.
Microsoft Corporation (MS) gained 8.74 dollars, or 2.27%, to finish at 393.11 dollars, and Palantir Technologies added 3.33 dollars, or 2.51%, to close at 135.70 dollars.
Amazon jumped 9.13 dollars, or 3.81%, to end at 249.02 dollars. The company agreed to acquire low-Earth-orbit satellite service provider Globalstar, a move seen as laying the groundwork to challenge Starlink, the satellite internet network operated by Elon Musk’s SpaceX.
By contrast, Apple, the largest customer and a major investor in Globalstar, slipped 0.37 dollars, or 0.14%, to 258.83 dollars.

dympna@fnnews.com Song Kyung-jae Reporter