Stocks Surge as U.S.-Iran Peace Opens Hormuz
U.S.-Iran truce spurs market rally, with tech stocks leading gains as Fox agrees to acquire Roku for $22 billion.
- On Monday, President Trump announced that the U.S. and Iran reached an agreement to end their conflict, sparking a broad market rally that pushed the Nasdaq Composite up 2%.
- Crude oil prices eased to the low $80s as the deal includes reopening the Strait of Hormuz, a critical oil supply route halted by geopolitical tensions.
- Fox Corporation announced plans to acquire Roku for roughly $22 billion, while Salesforce agreed to purchase AI agent company Fin for approximately $3.6 billion on Merger Monday.
- Strategists at BCA Research initiated a "tactical long" position in the consumer discretionary sector, while Morgan Stanley sees "relative strength" ahead for discretionary goods and transport stocks.
- The Federal Reserve is expected to hold interest rates steady at its meeting this week, even as tech stocks rose more than 3% on Monday, continuing sector dominance.
24 Articles
24 Articles
Tulsa World
Wall Street rallies with US-Iran deal
Wall Street rallied on Monday, with the Nasdaq climbing 3% and the Dow marking a record-high close after the United States and Iran struck a preliminary agreement to end the Middle East war and reopen the Strait of Hormuz, leading…
Wall Street closed this Monday with green numbers, driven by the agreement reached between the United States and Iran to end the war, which in turn brought the price of crude oil down by the prospect of normalizing commercial traffic in the Strait of Ormuz.Under this scenario the Nasdaq recorded its greatest increase in a session since the end of March, after advancing 3.07 percent, to 26,683.94 integers.The S&P 500 followed him with an increase…
Wall Street rose this Monday and the Dow Jones reached a historic peak, after the U.S. and Iran reached a preliminary agreement to end their conflict and reopen the Strait of Ormuz, which caused a sharp collapse of oil prices and calmed the fear of inflation. According to preliminary closing data, the Dow Jones Industrial Average rose 490.38 points, or 0.96%, to the entire 51,684.88. The S&P 500 rose by 1.67%, to 7,000 555.26 units, while the Na…
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