S&P 500 Rebounds Monday After Three Straight Weekly Losses as Oil Cools Slightly
U.S. stocks rose on Monday while oil prices pulled back, as Wall Street attempted to recover from another losing week and investors continued to track the latest developments in the Iran war. The moderation in oil helped ease near-term inflation worries and supported a broader rebound in risk assets.
The Dow Jones Industrial Average gained 387.94 points, or 0.83%, closing at 46,946.41. The S&P 500 climbed 1.01% to end at 6,699.38, while the Nasdaq Composite advanced 1.22% to settle at 22,374.18.
In technology, Meta shares rose more than 2% after a report—dismissed by the company as “speculative”—said it was planning to lay off more than 20% of its workforce. Nvidia added more than 1% as its GTC conference kicked off Monday.
The bounce followed a difficult stretch for equities: the S&P 500 posted its third consecutive weekly decline and ended Friday at its lowest level of the year, reflecting persistent risk-off pressure in recent weeks.
Oil had surged sharply last week, with Brent settling above $100 a barrel for the first time since 2022. Crude rallied as shipping through the Strait of Hormuz, a critical energy chokepoint, was effectively halted after the war began—fueling supply disruption fears. Monday’s pullback in oil provided some relief to markets, though investors remain highly sensitive to war-related headlines.
Source : Newsmaker.id
