US Stocks Start the Week on a Possitve Note
2026-04-06 20:02
By
Felipe Alarcon
1 min. read
US stocks trended higher on Monday as the Nasdaq 100 gained 0.8%, the S&P 500 rose 0.6%, and the Dow climbed 0.5% amid hopes for a Middle Eastern ceasefire.
Market volatility remained elevated as traders weighed conflicting reports of a proposed 45-day truce against the looming 8 p.m.
Tuesday deadline for military escalation.
While news of a potential framework to reopen the Strait of Hormuz briefly pressured energy markets, crude futures ended the session higher at above $112 per barrel.
Large-cap technology stocks provided significant support to the broader indexes as Alphabet and Amazon each gained more than 1% while Micron Technology surged 3.2%.
These gains helped offset a 2.2% slide in Tesla and a 1% drop in Eli Lilly.
Despite the hopeful rhetoric surrounding diplomatic mediation, caution persisted as the market may still be underestimating the long-term economic impact of regional energy disruptions and higher for longer fuel costs.