Business · Markets · 19 hrs ago
US stocks rise as oil prices fall and investors take on more risk
Major US stock indexes rose on Monday, recovering some of last week’s sharp losses.
The S&P 500 gained 1.9%, the Dow Jones rose 1.6% and the Nasdaq climbed 2.5% by mid-morning in New York.
Brent crude fell 4.1% to $94.27 a barrel, after topping $112 earlier in the month, as investors weighed uncertainty over the war with Iran.
US President Donald Trump said renewed strikes seemed highly unlikely if negotiations made progress, while Secretary of State Marco Rubio called some Iranian demands excessive.
AI companies remained under pressure, with Nvidia continuing to fall amid an investigation involving its chief executive, Jensen Huang.
US election results also raised concerns that possible limits on new data centres could affect demand for AI chips, electricity and related services.
Further progress in negotiations could shape oil prices, while any data-centre restrictions, if approved, could affect the AI sector.
US stocks rose on Monday as oil prices fell and investors became more willing to take risks.
By 10:30 a.m. New York time, the S&P 500 was up 1.9%, the Dow Jones Industrial Average had gained 805 points, or 1.6%, and the Nasdaq Composite had risen 2.5%.
Brent crude fell 4.1% to $94.27 a barrel amid uncertainty over the course of the war with Iran.
Strong results from major US companies also supported shares, while technology and artificial intelligence stocks remained under pressure.
- Who
- US stock-market investors and companies.
- What
- Major US stock indexes rose as oil prices fell and investors took on more risk.
- When
- Monday, by 10:30 a.m. New York time.
- Where
- US stock markets.
- Why
- Lower oil prices and strong company results supported stocks, alongside improved investor risk appetite.
This story does not have two clearly opposing sides.
Brent crude had been above $112 a barrel.
Donald Trump said renewed strikes seemed highly unlikely if negotiations made progress.
US stock indexes rose as Brent crude fell to $94.27 a barrel.
- S&P 500
- Up 1.9%
- Dow Jones Industrial Average
- Up 805 points, or 1.6%
- Nasdaq Composite
- Up 2.5%
- Brent crude
- Down 4.1% to $94.27 a barrel
- 10-year US Treasury yield
- 4.86%
What people are saying
highly unlikely
exaggerated and ridiculous