US Stocks Rise Amid Tensions Over Trump's Deadline to Bomb Iranian Power Plants
U.S. stocks drifted higher on Monday, with the S&P 500, Dow Jones, and Nasdaq all posting gains despite lingering uncertainty over a potential military escalation in the Middle East. President Donald Trump has set a deadline for Tuesday evening to attack Iranian power plants if Iran does not open the Strait of Hormuz. While fighting continues and Iran rejects ceasefire proposals in favor of a permanent war end, oil prices rose as markets anticipate disruptions to global energy flows. The stock market also reacted positively to better-than-expected U.S. employment data, though inflation concerns remain due to soaring gasoline prices and accelerating costs in the services sector. Major tech stocks showed mixed performance, while bank stocks remained strong.
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US Stocks Rise Amid Tensions Over Trump's Deadline to Bomb Iranian Power Plants
U.S. stocks drifted higher on Monday, with the S&P 500, Dow Jones, and Nasdaq all posting gains despite lingering uncertainty over a potential military escalation in the Middle East. President Donald Trump has set a deadline for Tuesday evening to attack Iranian power plants if Iran does not open the Strait of Hormuz. While fighting continues and Iran rejects ceasefire proposals in favor of a permanent war end, oil prices rose as markets anticipate disruptions to global energy flows. The stock market also reacted positively to better-than-expected U.S. employment data, though inflation concerns remain due to soaring gasoline prices and accelerating costs in the services sector. Major tech stocks showed mixed performance, while bank stocks remained strong.
AP News