Stocks Post Back-to-Back Gains as Traders Stay Optimistic on a Potential U.S.-Iran Deal
U.S. stocks rose on Tuesday, extending gains from the previous session, as investors largely shrugged off the breakdown in U.S.-Iran peace talks while still betting a deal between the two countries remains possible.
The S&P 500 climbed 1.18% to close at 6,967.38, leaving the benchmark less than 1% below its 52-week high. The Dow Jones Industrial Average added 317.74 points, or 0.66%, to finish at 48,535.99. The Nasdaq Composite outperformed, rising 1.96% to end at 23,639.08.
Technology shares again provided the lift. Oracle rose 4.7%, building on a surge of more than 12% in the prior session. Nvidia and Palantir Technologies also finished higher, reinforcing momentum in growth-oriented names.
Wall Street’s resilience stood out despite heightened geopolitical uncertainty. Major indexes opened the week with solid gains even after weekend negotiations between the U.S. and Iran failed to produce an agreement.
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 also erased the S&P 500’s losses since the Iran war began.
Source : Newsmaker.id
