US stock markets closed at new all-time highs on Monday, driven by a broad-based rally that capitalized on cooling geopolitical tensions in the Middle East.
The easing of risks in the region exerted downward pressure on oil prices, providing a tailwind for equity investors who have been navigating uncertainty around energy costs and supply chain disruptions.
The index has climbed approximately 28% since the start of the year, reflecting strong corporate fundamentals and investor confidence despite earlier macroeconomic headwinds.
The Dow Jones Industrial Average and the S&P 500 both advanced, continuing a strong trajectory that has seen US equities hold near record levels.
This latest move builds on the momentum established earlier in the week, when the Dow Jones Industrial Average climbed to a new all-time high of 52,900 points on Thursday, marking a decisive start to the second half of the year for global equity markets.
The market's resilience is underpinned by a robust second-quarter earnings season, with the S&P 500 on track for its best quarterly performance in six years.
The index has climbed approximately 28% since the start of the year, reflecting strong corporate fundamentals and investor confidence despite earlier macroeconomic headwinds.
Investors are now looking ahead to key central bank decisions in the coming weeks.
The Bank of England is scheduled to announce its rate decision on August 6, followed by the Reserve Bank of Australia on August 12 and Norges Bank on August 20.