US stocks close with gains amid hopes for Iran ceasefire
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US stocks closed with gains on Monday due to increased optimism for a ceasefire in the Iran war. The Dow, Nasdaq, and S&P 500 all saw increases, with the Dow adding 0.36% to close at 46,669.88.
The New York Stock Exchange closed with gains on the first trading day of the week. The Dow added 0.36% to close at 46,669.88. The Nasdaq composite rose 0.54% to 21,996.34, while the S&P 500 climbed 0.44% to 6,611.83. The gains came after reports of possible ceasefire negotiations between the US, Iran, and regional mediators. US President Donald Trump reiterated warnings to Iran, while oil prices swung sharply in volatile trading. The US Federal Reserve may still have room to lower interest rates once the energy-driven supply shock fades.
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