Stock Market Today: Major Indexes End Sharply Higher on Hopes of Eventual Iran Peace Deal; Nasdaq Ends in Green for 9th Straight Session
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Major US stock indexes closed sharply higher on hopes of a US-Iran peace deal, with the Nasdaq rising for its ninth consecutive session. The Dow and S&P 500 moved into positive territory for the year, while the Nasdaq climbed near flat for 2026.
US stock indexes closed higher on Monday. The Nasdaq rose 1.2%, the S&P 500 rose 1.0%, and the Dow Jones rose 0.6%. Oracle shares soared nearly 13% to pace the S&P 500. The Dow turned higher in the afternoon after Goldman Sachs shares pared losses following better-than-expected quarterly results. The US and Iran failed to reach a peace deal, but President Trump said Iran wants to make a deal. The US began a blockade of the Strait of Hormuz. Oil prices rose, with West Texas Intermediate up 1.5% and Brent crude up 4.5%. The US dollar index fell 0.2%.
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