FX.co ★ US Stocks Rally as Iran Signals De-Escalation

U.S. stocks continued their upward momentum on Monday, with the S&P 500, Dow Jones Industrial Average, and Nasdaq 100—all exceeding a 1% increase—fueled by a reduction in geopolitical tensions. According to The Wall Street Journal, Iran has expressed a desire to decrease hostilities with Israel and resume discussions concerning its nuclear program. This move has been communicated through Arab intermediaries to both Israel and the U.S. Additionally, the Federal Reserve is anticipated to maintain current interest rates when they meet this week. Investors will be keenly observing the updated Summary of Economic Projections to understand how fiscal uncertainties and possible tariffs might affect future policy decisions. In the stock market, technology companies drove the rally, with notable gains in Meta, Palantir, and Tesla, each increasing by more than 3% due to heightened investor interest related to their military-linked ventures. US Steel surged up to 5% after the formal approval by President Trump of Nippon Steel’s $14.1 billion acquisition of the company. Meanwhile, Roku experienced a significant rise of 10% following the announcement of a new collaboration with Amazon Ads.