FX.co ★ Wall Street Advances as Iran Response Eases Market Fears

On Monday, US stocks experienced a rise as investors set aside concerns about a potential broader conflict after Iran's measured response to recent US airstrikes. The S&P 500 increased by 0.7%, the Nasdaq rose by 0.8%, and the Dow climbed over 250 points. This upward movement was spurred by diminishing worries about a significant disruption in oil supply. Following Iran's missile launch at a US base in Qatar, which reportedly caused no casualties due to successful interception, US oil prices dropped nearly 7%. This resulted in notable declines in energy stocks, with ExxonMobil and Chevron each declining by 2%. Iran's actions were perceived as restrained, avoiding critical energy infrastructures and not hindering the Strait of Hormuz. Further impacting oil prices, President Trump commented on social media, urging oil producers to "keep prices down." In the corporate arena, Tesla's stock soared by over 9% with the introduction of its first driverless taxis, while AMD saw a 1% increase after receiving a research upgrade, buoying the broader technology sector.