U.S. stocks moved sharply higher on Monday, with the Dow Jones Industrial Average surging about 600 points and pushing closer to a record high. The S&P 500 and Nasdaq also advanced as investors responded to easing geopolitical worries.
A key driver for the rally was a pullback in oil prices and Treasury yields after signs pointed to de-escalation in tensions tied to a possible U.S.-Iran conflict. Lower oil and bond yields suggested markets were dialing back some of the risk that had weighed on sentiment.
The broad rise across the Dow, S&P 500 and Nasdaq reflected a stronger appetite for equities at the start of the week. With energy prices falling and yields easing, traders appeared more willing to move back into stocks after recent uncertainty.
Investors were also watching the corporate calendar, with Palantir earnings still ahead. That report was on the radar as Wall Street tracked the latest U.S. market action through Monday’s session.
