US equity markets posted gains on Monday, driven by a sharp decline in crude oil prices following signs of de-escalating tensions in the Middle East.
The Dow Jones Industrial Average rose 0.52%, while the S&P 500 and Nasdaq Composite advanced 0.2% and 0.31% respectively.
The e-commerce giant’s shares had surged 13% on Friday after reporting better-than-expected quarterly earnings, leading a broad rebound in technology stocks.
The drop in energy costs provided a tailwind for broader market sentiment, reducing inflationary pressures and supporting consumer discretionary spending.
Amazon (AMZN) emerged as a standout performer, jumping 3.8% to extend a significant rally that began in the previous session.
The e-commerce giant’s shares had surged 13% on Friday after reporting better-than-expected quarterly earnings, leading a broad rebound in technology stocks.
Investors are now shifting focus to a packed week of corporate earnings and upcoming economic data.