US Markets Eye Earnings, Oil Prices After Pause in Iran Tensions

US markets look to continue their winning streak on Monday after posting significant gains last Thursday and Friday. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all rose modestly or substantially over the two days.

The tech-heavy Nasdaq Composite Index added 1% on Friday after a 2.8% gain on Thursday. Amazon led the charge with a 15.3% increase on Friday, while Alphabet and Microsoft saw gains of 6.7% and 3%, respectively. The S&P 500 rose 0.7% on Friday following its 1.7% increase on Thursday.

On Monday, investors will be watching for earnings reports from companies like Marriott International and Tyson Foods. Meanwhile, crude oil futures have taken a hit after the US and Iran appeared to pause their attacks and counterattacks in the Persian Gulf. The CLmain contract fell 4.7% on Sunday evening.