On Monday, stocks surged as investors awaited a wave of megacap technology profits that would continue to propel the Nasdaq Composite to new heights this week.
A decreasing geopolitical environment bolstered risk sentiment. With the Dow Jones Industrial Average rising 285 points, or 0.7%, the S&P 500 gained 0.4%.
The Nasdaq increased by 0.5%. Israel’s airstrikes against Iran over the weekend did not target nuclear or oil infrastructure as was initially thought, and oil futures fell in value that day. The price of U.S. crude and Brent, the global standard, both fell 6%.
Source (CNBC)
