Stocks Rise Monday As Iran Diplomacy Eases Oil Prices
Futures climbed as Trump’s Iran shift eased oil prices, with the Nasdaq-100 up about 1% and the S&P 500 and Dow also higher.
- Stock futures rose Monday as a diplomatic thaw between the United States and Iran lifted investor sentiment, with oil prices falling after President Trump called off a planned attack to pursue negotiations over the Strait of Hormuz.
- Trump cited potential negotiations for calling off the strike, a move that helped ease Treasury yields and boosted European stocks as they posted a positive start to August.
- Amazon jumped between 15.3% and 15.6% on cloud growth, while Apple fell more than 7%, with analyst speculation persisting regarding a potential Bristol-Myers Squibb-AstraZeneca merger.
- Earnings season remains strong, as 85% of roughly 300 S&P 500 companies have beaten expectations with aggregate profits tracking to grow more than 47%, while Ciena benefits from $165 billion in AI infrastructure spending.
- Attention in the coming days centers on Friday's nonfarm payrolls report and the Federal Reserve's September meeting, as CME Group's FedWatch tool showed traders pricing in roughly a two-thirds probability of a rate adjustment.
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43 Articles
Oil prices drop 7pc to three-week low
NEW YORK: Oil prices fell about 7 percent to a three-week low on Monday after US President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf. Front-month Brent futures fell USD6.35, or 7.0 percent, to settle at USD83.77 a barrel, while US West Texas Intermediate (WTI) crude fell USD4.33, or 5.1 percent, to settle at USD80.34. That was the lowest close for Brent since J…
The New York stock market rose across the board driven by a rebound in major tech stocks and the easing of geopolitical tensions. Amazon surpassed a market capitalization of $3 trillion thanks to strong performance in its cloud business, while major indices such as the Nasdaq and S&P 500 hit record highs. The sharp drop in oil prices also contributed to the recovery of investor sentiment.
US stock markets ended significantly higher on Monday. Technology stocks, in particular, were on the rise at the start of the new month, while the oil price fell. This occurred after President Donald Trump called off planned attacks on Iran.
Stocks rise as oil prices drop amid Iran talk announcement
Monday's business news featured rising stock prices amid falling oil prices, shifts in American grilling habits due to meat costs, changes to Southwest Airlines' boarding protocols, and a move toward farmers markets following concerns over foodborne illness.
The S&P 500 also took a breather from its highs, as the de-escalation of tension in the Middle East and the sharp drop in oil prices reignited investor buying interest - Nasdaq jumps over 2%, led by the Magnificent Seven
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