US Stocks Kick-Off Week Higher on De-escalation Hopes
Stocks in the US climbed on Monday as optimism around easing geopolitical tensions boosted investor sentiment, while focus shifted to the Federal Reserve’s policy decision on Wednesday, with markets widely expecting rates to remain unchanged.
The S&P 500 rose 0.9%, the Dow gained 317 points, or 0.7%, and the Nasdaq rallied 1.4%, bouncing back from Friday’s steep declines. Sentiment improved after reports indicated Iran is open to reducing hostilities with Israel and resuming nuclear negotiations, as long as the US refrains from military involvement.
Gains were led by tech and consumer discretionary stocks, as Meta (2.7%), Palantir (3.1%), and Tesla (1.1%) outperformed while energy share decline after oil prices dropped nearly 2%. Among other stocks, US Steel jumped 5.1% after President Trump gave formal approval to Nippon Steel’s $14.1 billion acquisition of the company. Roku surged 10.3% on news of a new advertising partnership with Amazon Ads.
Source: Trading Economics