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US stocks rise as oil falls on easing Middle East tensions
The Dow opened up 274 points, and the 10-year Treasury yield slipped to 4.68% as safe-haven demand eased.
US stock indices climbed on Monday after signs of reduced geopolitical tensions in the Middle East pushed crude oil sharply lower, lifting investor sentiment, according to LiveMint Markets via Bloomberg AI Quick Read.
At the opening bell, the Dow Jones Industrial Average gained 274 points, or 0.52%, to 52,759.06, the S&P 500 rose 15.1 points, or 0.20%, to 7,504.78, and the Nasdaq Composite increased 78.8 points, or 0.31%, to 25,452.66.
The report linked the move to President Donald Trump refraining from new attacks on Iran over the weekend, with Iranian officials denying negotiations are underway. Crude fell more than 5%, with Brent down 4.9% to $83.65 a barrel.
Investors also turned to upcoming catalysts, including the July US jobs report and quarterly results from companies such as Disney and McDonald's, while Treasury yields retreated, with the benchmark 10-year yield dropping to 4.68% from 4.75% at Friday's close. Among stocks, Amazon rose 3.8%, while Micron fell 4.9% and AMD declined 2.7%.
Latest closeWTI crude $86.80 ▲3.8%|Brent $90.12 ▲1.2%|S&P 500 7,489.72 ▲0.7%