The Nasdaq and S&P 500 indices closed at fresh record highs on Thursday, with both indexes extending their winning streak to twelve consecutive sessions. The Dow Jones Industrial Average rose 114.88 points, or 0.24%, to close at 48,578.60. The Nasdaq Composite gained 86.69 points, or 0.36%, finishing at 24,102.70, while the S&P 500 added 18.14 points, or 0.26%, to end at 7,041.09. Among notable gainers, Navitas Semiconductor surged 20%, Dell Technologies climbed 9%, Advanced Micro Devices advanced nearly 8%, and Intel rose over 5%. The Nasdaq Golden Dragon China Index increased by 1.75%, with NIO Inc. gaining almost 7% and Alibaba rising 4%.

In European markets, Germany's DAX 30 index increased by 61.58 points, or 0.26%, to 24,149.00, while the UK's FTSE 100 added 26.80 points, or 0.25%, to 10,586.38. France's CAC 40 declined by 11.87 points, or 0.14%, to 8,262.70. The Euro Stoxx 50 fell 11.18 points, or 0.19%, to 5,929.16. Spain's IBEX 35 dropped 107.79 points, or 0.59%, to 18,078.01, and Italy's FTSE MIB decreased by 140.32 points, or 0.29%, to 48,015.50.

Asian markets saw strong gains, with Japan's Nikkei 225 rising 2.38% and South Korea's KOSPI climbing 2.21%. In cryptocurrency markets, Bitcoin edged up to $75,044.16, while Ethereum dipped slightly to $2,348.53.

Oil prices advanced significantly, with May-delivery West Texas Intermediate crude rising $3.40 to settle at $94.69 per barrel, a 3.72% gain. June-delivery Brent crude increased by $4.46 to close at $99.39 per barrel, up 4.7%.

The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.16% to 98.212. In late New York trading, one euro bought $1.1774, down from $1.1800 in the previous session. The pound traded at $1.3525, lower than $1.3572. The dollar strengthened to 159.26 Japanese yen from 159.03, and to 0.7844 Swiss francs from 0.7819. It weakened against the Canadian dollar to 1.3706 from 1.3729, but strengthened against the Swedish krona to 9.2051 from 9.1580.

Precious metals saw mixed movements, with spot gold settling at $2,790.15 per ounce and spot silver at $28.458 per ounce.

In macroeconomic developments, U.S. oil companies are reportedly urging the government to oppose any potential Iranian fees for passage through the Strait of Hormuz. Energy executives argue that restoring full navigation through the strait is crucial to addressing current global energy pressures. Industry representatives are scheduled to meet with administration officials to discuss reopening the strait, freedom of navigation, and increasing oil production.

Iran's foreign ministry spokesperson welcomed the ceasefire implementation in Lebanon, describing it as part of broader regional ceasefire efforts. The spokesperson emphasized that Israel must completely withdraw from southern Lebanon, release all detainees, facilitate the return of displaced persons, and enable international assistance for rebuilding damaged infrastructure.

The White House is advancing plans to provide federal agencies with limited access to Anthropic's AI model Mythos, according to a memorandum. The Office of Management and Budget is establishing security protocols to allow agencies to begin using the restricted AI tool in the coming weeks. Currently, Mythos access is limited to select technology companies and financial institutions for cybersecurity risk assessment purposes.

Federal Reserve Governor Michelle Bowman indicated she may further reduce her expectations for interest rate cuts this year, citing unfavorable inflation trends that predated recent Middle East conflicts. Bowman noted she currently favors three or possibly four rate reductions in 2024, but emphasized the pace could slow if price pressures persist.

Former Treasury Secretary Henry Paulson called for contingency plans to address potential collapse in demand for U.S. Treasury securities, warning of severe consequences if the $31 trillion market experiences dysfunction. Paulson highlighted the risk of a "doom loop" where rising yields increase government interest payments, widening budget deficits and potentially requiring Federal Reserve intervention as buyer of last resort.

In corporate news, Intel has hired Samsung foundry veteran Shawn Han to strengthen its manufacturing operations. The company stated that Han brings over a decade of commercial foundry experience to support Intel's efforts to revitalize its manufacturing business under CEO Pat Gelsinger. Intel's foundry division is actively seeking major clients for its next-generation 14A process technology.