US Stocks Surge on Easing Tensions and Lower Oil Prices
The US stock market kicked off the week on a high note, driven by relief over the resolution of tensions in the Middle East and a sharp decline in oil prices.
Following US President Donald Trump's announcement that he would suspend planned military strikes against Iran, investors turned their focus to corporate results, jobs reports, and inflation data scheduled for release during the week.
The Dow Jones Index rose by over 600 points, with technology stocks making a comeback as investors sought out growth opportunities. Shares of Amazon, Microsoft, and Meta Platforms led the gains, while Apple, Micron, and Intel suffered losses.