Though attacks between Israel and Iran continued for a fourth day, with the former claiming "aerial superiority" over Tehran, investors became cautiously hopeful that the armed conflict would de-escalate. Iran reportedly reached out to other countries, including the U.S., to help mediate a ceasefire, which has been a high-priority topic at today's G7 Summit in Canada.
Pushing aside Friday's weekly losses, the Dow and Nasdaq rose triple digits, while the S&P 500 finished higher as well. Wall Street's "fear gauge," the Cboe Volatility Index (VIX) snapped a three-day win streak with a sharp 8.2% loss.
Continue reading for more on today's market, including:
- 3 semiconductor stocks making moves this week.
- Billion-dollar U.S. Steel merger approved.
- Plus, S&P 500 risks this week; CELH upgraded; and Roku stock's surge.
5 Things to Know Today
- Per an internal State Department cable seen by Reuters, the Trump administration is considering banning travel to the U.S. from 36 more countries. (Reuters)
- Reddit unveiled new artificial intelligence (AI)-powered ad tools. (Stocktwits)
- S&P 500 risks to know about this expiration week.
- TD Cowen upgrade boosts Celsius stock.
- Roku stock pops on Amazon partnership.
There were no earnings of note today.
Commodities Pull Back from Surge
Oil prices fell amid easing Middle East tensions. July-dated West Texas Intermediate (WTI) crude dropped $1.21, or 1.66%, to close at $71.77 per barrel.
Gold futures turned lower after hitting eight-week highs. U.S. gold futures fell 1% to settle at $3,417.30 per ounce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
