The S&P 500 Index recorded its largest single-day gain since February, rising 1.0%, ending a previous four-day losing streak. Market concerns about potential supply chain disruptions in the Strait of Hormuz have eased, and NVIDIA CEO Jensen Huang attended the company's annual artificial intelligence conference and delivered the opening remarks. The tech-heavy Nasdaq 100 Index rose 1.1%, while Brent crude oil prices retreated to around $100 per barrel, and the Chicago Board Options Exchange Volatility Index (VIX) fell to 23.51.

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