Summary
On Monday, U.S. stock markets rose as investors remained hopeful about avoiding severe impacts from the ongoing U.S.-Iran war. Oil prices initially spiked but later retracted, as financial markets took comfort from a partial ceasefire holding. Major U.S. companies started reporting their quarterly earnings, influencing stock performance.
Key Facts
- The S&P 500 increased by 0.6%, the Dow Jones by 0.2%, and the Nasdaq by 0.8% during Monday trading.
- Oil prices rose above $100 per barrel following a failed ceasefire talk but settled at $99.36.
- President Trump announced a blockade of the Strait of Hormuz, potentially impacting oil exports.
- Iran warned that no port in the Persian Gulf and the Gulf of Oman would be safe.
- Brent crude, an international oil standard, remains below peak war-time highs.
- Goldman Sachs reported a higher-than-expected profit of $5.63 billion for the quarter.
- Sandisk shares surged 10.6% due to its inclusion in the Nasdaq 100 index.
- Oracle's share price rose 11.8% as it recovered from earlier AI-related losses.
