US stocks rally and return to where they were before the US-Iran war
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US stocks have rallied and recovered their losses caused by the US-Iran war, with the S&P 500 rising 1% and the Dow Jones Industrial Average adding 301 points. The rally comes as Wall Street remains hopeful that the global economy can avoid a worst-case scenario, despite ongoing tensions between the US and Iran.
US stocks rallied on Monday, recovering their losses from the US-Iran war. The S&P 500 rose 1% and the Dow Jones Industrial Average added 301 points. The Nasdaq composite climbed 1.2%. Oil prices pared their gains after ceasefire talks failed over the weekend. The US has announced a blockade of the Strait of Hormuz, raising pressure on Iran. Big US companies are beginning to report their quarterly earnings, with Goldman Sachs reporting a profit of $5.63 billion. Other companies, including Citigroup and Johnson & Johnson, will report later this week.
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