Stock Market Today: S&P 500, Dow Jones, Nasdaq 100 Futures Rise as US-Iran Halt Retaliatory Strikes—Microchip Technology, AMD, Nucor in Focus (UPDATED)
Key takeaways
- US stock futures rose on Monday, with the Dow Jones, S&P 500, and Nasdaq 100 indices advancing, following Friday's mixed close.
- US stock futures rose 0.46% on Monday
- Dow Jones advanced 0.95%
- S&P 500 rose 0.96%
What happened
US stock futures rose on Monday, with the Dow Jones, S&P 500, and Nasdaq 100 indices advancing, following Friday's mixed close. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust ETF (QQQ) were higher in premarket. Asian markets also closed higher on Monday, with India's Nifty 50, Australia's ASX 200, South Korea's Kospi, Hong Kong's Hang Seng, China's CSI 300, and Japan's Nikkei 225 indices rising.
Why it matters
The market's reaction to the US-Iran halt of retaliatory strikes and the ongoing geopolitical tensions is a key factor in the current market landscape. The search for endpoints on key issues, such as inflationary pressures and supply chain disruptions, is also a major concern for investors. The upcoming economic data…
Short-term and longer-term
Short-term. Over the next day or two, watch the interest rate on government loans, the dollar, and which kinds of companies lead.
Longer-term. Over the next few months, ask whether this changed growth, prices, or the path of interest rates.