Cooling off tensions in Iran, Q2 earnings and a new mega-memory chip play out of China buoy markets this morning.
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The S&P 500 index gained about 0.8%, while the Nasdaq Composite rose about 0.7%.
Stock futures rose and crude fell after U.S. Ambassador Mike Waltz told "Face the Nation" that a pause in U.S.-Iran fighting aims to give diplomacy time to work.
July 27 (Reuters) - Wall Street's main indexes opened higher on Monday after the United States and Iran paused hostilities, boosting risk appetite ahead of a week of major earnings, economic data and
U.S. stocks ended mixed on Friday, with the Nasdaq ending in the red, triggered by a tech selloff on growing concerns over the massive spending on AI, as investors awaited quarterly results from the next batch of megacap tech companies.
Wall Street stocks are predicted to open sharply higher on Monday as a pause in US and Iranian attacks sent oil prices tumbling ahead of a massive week for markets, including a Federal Reserve meeting and earnings from several tech megacaps. Dow Jones futures were up 568 points, or 1.1%,...
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