Stocks Hike on Hope for Mideast Peace

2 Min Read

The actions recovered on Monday, since investors were optimistic that the conflict between Israel and Iran can remain content. The increase in oil prices due to the growing conflict was also reduced.

The Dow Jones Industrials approached 317.30 points to 42,515.09.

The S&P 500 index regrouped 56.14 points to 6,033.11.

The Nasdaq compound rose 294.39 points, or 1.5%, to 19,701.21.

All “magnificent seven” shares were higher on Monday, since the recoil in oil prices caused investors to assume more risks again. Tesla increased more than 1%, and the goal platforms rose almost 3%, reinforced by the news that the ads are arriving at WhatsApp.

Meanwhile, Palantir, who looks like a beneficiary of the increase in global conflict, moved almost 3% higher.

Investors also digested data from weaker manufacturing surveys than expected on Monday morning, which went ahead of the decision of the Federal Reserve interest rate on Wednesday.

The merchants have been watching the Middle East closely after the Israel strike in Iran on Friday. Iran launched missiles in retaliation, increasing the seriousness of the conflict in the region.

However, on Monday there was some optimism that the situation would intensify after a report from the Wall Street Journal said that Iran has indicated through intermediaries that they would be open to restart negotiations provided that the uses do not make the uses that do not do so? Tsus The report also said that Iran has sent a message to Israel that both parties must maintain the contained attacks.

Treasury prices at 10 years were lower, which exceeded yields of up to 4.45% from 4.41% on Friday. Treasury prices and yields move in opposite directions.

Oil prices fell $ 1.59 to $ 71.39 to Barrel.

Gold prices slid $ 50.20 to $ 3,402.60 US an ounce.

About The Author