The informal ceasefire between the US and Iran fell through, triggering a sharp surge in international oil prices. US stocks closed mixed, with the storage sector turning positive after initially trading lower.

According to BIT (bit.com) market data, the three major U.S. stock indexes closed mixed: the Dow Jones Industrial Average rose 1.03%, the S&P 500 gained 0.22%, and the Nasdaq fell 0.22%. The optical communications and storage sectors plunged, with SanDisk down over 14%, Corning dropping more than 12%, Coherent falling over 10%, and SK Hynix ADR down 9%. The Philadelphia Semiconductor Index closed 519.198 points lower, down 4.49% to 11035.68, breaking a key support level. SK Hynix’s second-quarter revenue came in at 79 trillion won, missing the market expectation of 84 trillion won. Seagate Technology reported its fourth-quarter fiscal results: revenue reached $3.63 billion, beating the market forecast of $3.49 billion; adjusted earnings per share (EPS) stood at $5.71, also exceeding the $5.08 consensus estimate. After the sharp daily close, the U.S. storage sector turned positive in after-hours trading, with SK Hynix’s U.S. shares rising 2.64% in after-hours. Meanwhile, the informal ceasefire between the U.S. and Iran collapsed, as Iran launched missiles at U.S. military bases early this morning. According to Bitget market data, WTI crude oil subsequently surged 4%.