Stocks surged Monday on news of a U.S.-Iran ceasefire deal. SpaceX added another $239 billion in market cap for good measure.
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Stocks Soar on U.S.-Iran Breakthrough and Falling Oil Prices
US stocks surged to a record high on Monday after the United States and Iran announced a tentative deal to end the conflict in the Middle East and reopen the Strait of Hormuz.
Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index and the State Street En
(Updates with index/price moves, macroeconomic data, and political/company news from the first parag
Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index dropping 3.1% and the S
Dow Jones stock Honeywell announced the formal board approval of plans to spin out its Honeywell Aerospace unit, as the conglomerate prepares to break up. Honeywell stock popped above a key level. On June 29, Honeywell's automation and aerospace businesses will become two independent, publicly traded companies.
Boeing stock rose almost 5% on Monday, as the broader market rallied following a ceasefire agreement between the U.S. and Iran.
While the Dow Jones (^DJI) represents industry leaders, not every stock in the index is a safe bet. Some are facing headwinds like declining demand, rising costs, or disruptive new competitors.
The Iran-U.S. deal gave Wall Street a green light to pile into risk assets and chase momentum, and lagging Magnificent Seven stocks were in on the action this time. The Dow rose 577 points, or 1.1%. The S&P 500 jumped 1.
Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a deal to end the Middle East war and reopen the Strait of Hormuz, sending a wave of relief through global markets.The strait, through which roughly 20 percent of the world's crude oil supply normally transits, was effectively closed by Tehran after the US and Israeli strikes on Iran in late February, sending energy prices soaring.
Oil prices are down and stock prices are up after President Trump announced an outline of a deal to end the Iran war.
Markets rally on expectations that the agreement will ease global energy supply concerns, though analysts warn gas prices may remain elevated for some time.
The S&P 500 index gained about 1.5%, while the Nasdaq Composite surged about 2.3%.
Questions surrounding Iran's nuclear ambitions, among other sensitive matters, are expected to be left for subsequent negotiations
June 15 (Reuters) - Wall Street's main indexes opened higher on Monday after Washington and Tehran reached a preliminary agreement to end the Middle East conflict and reopen the Strait of Hormuz,
Marathon Petroleum (NYSE:MPC) has received a top quartile ESG ranking and inclusion in the Dow Jones Best in Class Indices for sustainability leadership. The company is positioned to benefit from tighter global jet fuel markets following major disruptions to supply routes. These developments highlight both ESG recognition and changing product demand conditions that may influence future performance assessments. Marathon Petroleum operates as a large U.S. refiner and fuels supplier, so shifts...
US equity futures were higher pre-bell Monday as the US and Iran finally reached a long-awaited agre
Investing.com - U.S. stock index futures rose sharply on Monday after Washington and Tehran confirmed they had reached a preliminary peace agreement aimed at ending their conflict and reopening key Middle Eastern shipping routes.
Oil prices are down and stock prices are up after President Trump announced an outline of a deal to end the Iran war.
Ahead of the bell US stock futures surged on Monday after Washington and Tehran announced a ceasefire agreement that should reopen the Strait of Hormuz, sending oil prices sharply lower and lifting risk appetite at the start of a holiday-shortened week. Nasdaq 100 futures led the advance...
President Trump announced the deal late Sunday, authorizing the reopening of the Strait of Hormuz and sending crude tumbling
US equity investors will focus this week on Kevin Warsh's inflation assessment at his first rate-set