US stock markets advanced on Monday, driven by a broadening risk-on sentiment following the announcement of a pause in hostilities between the United States and Iran.
The diplomatic development has helped to lower the geopolitical risk premium that has weighed on global equities and energy markets in recent weeks.
04%, reflecting renewed investor confidence in growth-sensitive sectors as uncertainty over potential supply chain disruptions and energy price spikes receded.
The Dow Jones Industrial Average rose 0.44%, while the S&P 500 climbed 0.70%.
The Nasdaq Composite led the gains, rising 1.04%, reflecting renewed investor confidence in growth-sensitive sectors as uncertainty over potential supply chain disruptions and energy price spikes receded.
The market rally comes at a critical juncture for US investors.
The week ahead is packed with major corporate earnings reports that will provide fresh data on the resilience of consumer spending and corporate profitability.