S&P 500 Extends Rally a Day After Erasing Iran War Losses
U.S. stocks rose on Tuesday after a strong prior session, as investors largely looked past the breakdown in weekend peace talks between the United States and Iran while remaining optimistic that a deal is still possible.
The S&P 500 gained 1%, while the Dow Jones Industrial Average added 311 points, or 0.6%. The Nasdaq Composite outperformed, rising 1.7%.
Technology shares again led the advance. Oracle climbed 7%, building on a surge of more than 12% in the previous session. Nvidia and Palantir Technologies also extended gains, providing further support for the broader market.
Wall Street’s resilience remained notable despite heightened geopolitical uncertainty. Major indexes opened the week with solid gains even after U.S.-Iran negotiations fell apart over the weekend.
President Donald Trump said on Monday, “We’ve been called by the other side,” adding, “They’d like to make a deal very badly,” comments that helped sustain expectations that diplomatic channels remain open.
Monday’s rally wiped out the S&P 500’s losses since the Iran war began, and Tuesday’s move higher reinforced the view that markets are continuing to price in the possibility of de-escalation.
Source : Newsmaker.id
