Wall Street closed in the green this Monday, driven by the easing tensions between Iran and Israel and the anticipation of quarterly results from major tech companies. The Dow Jones increased by 0.65%, the S&P 500 advanced by 0.27%, and the Nasdaq rose by 0.26%.
Investors reacted positively to the situation in the Middle East following Saturday's Iranian attack, which did not affect energy or civilian assets. The price of Texas crude fell more than 6% to $67.38 due to the reduced perceived risk of an imminent attack from Israel.
In the coming days, results for the third quarter from Alphabet, Microsoft, Meta, Amazon, and Apple are expected, along with new data on GDP, inflation, and employment in the U.S. Additionally, the yield on the 10-year bond reached 4.278%.
In terms of sectors, financial and basic materials companies saw the largest gains, while energy and technology companies experienced losses. Among the 30 listed companies in the Dow Jones, 3M made notable progress, while Boeing suffered a significant decline.
Outside of the Dow Jones, Trump Media surged 20% after Donald Trump’s rally at Madison Square Garden. In other markets, gold rose to $2,754 per ounce, and the euro was trading at $1.0815.
