Tensions Rise as Markets Remain Optimistic

Rising geopolitical tensions in the Middle East are not dampening investor optimism as major indexes remain poised for a strong month. The Dow is up about 2.1% for August, and the S&P 500 and Nasdaq are up roughly 3% and 4%, respectively.

Treasury Secretary Scott Bessent has signaled that the administration could roll out new secondary sanctions on Iran weekly, starting with banks tied to the regime. This comes after US forces struck Iranian targets in the Strait of Hormuz over the weekend.

Nvidia (NVDA) is pacing for an 8%+ gain for August following a stellar earnings report last week, while Apple (AAPL) heads into a historic leadership transition as John Ternus takes over from Tim Cook today.