US Stocks Rally as Middle East Tensions Ease and Oil Prices Plunge

MacroGeopoliticsPrice Action Impact 4
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Summary · why it matters

US stocks settled sharply higher on Monday as easing Middle East tensions sent crude oil prices plunging more than 5%. The S&P 500 rose 1.48% to a two-month high, the Dow Jones Industrial Average added 1.32% to a three-and-a-half-week high, and the Nasdaq 100 gained 1.78% to a one-and-a-half-week high. The slump in oil allayed inflation fears and pushed the 10-year Treasury yield down 5 basis points to 4.68%. Gains were also supported by a stronger-than-expected July ISM manufacturing index, which rose to 55.6, the fastest pace of expansion in four years. Dovish comments from New York Fed President John Williams, who said rates are well positioned and inflation should ease in the second half, further boosted sentiment. Among individual movers, Meta Platforms surged more than 6%, Boeing jumped over 8% after a double upgrade, and Atkore soared more than 28% on a $3.8 billion acquisition deal, while GameStop tumbled more than 12% on a convertible note exchange plan.

Impact on stocks 45

Consumer Discretionary · 6 stocks
GameStop Corp.
GME
▼ NegativeCapitalrelevance

GameStop tumbles over 12% on convertible note exchange plan.

Cloud & Digital Infrastructure · 4 stocks
Synthetic Biology (non-pharma) · 3 stocks
Defense & Geopolitical Fragmentation · 2 stocks
Spatial Computing / AR/VR · 2 stocks
Climate Adaptation & Water · 2 stocks
Biotech & Genomic Medicine · 2 stocks
Energy Transition & Power Demand · 1 stocks
Digital Finance & Tokenization · 1 stocks
Carbon Removal (DAC) · 1 stocks
Electrification & Mobility · 1 stocks
Others · 1 stocks