Wall Street Rises Amid US-Iran Negotiation and Threat Analysis
U.S. equities moved higher on Monday as investors monitored diplomatic talks and fresh security warnings. Market participants sought signs of progress toward a ceasefire and assessed geopolitical risk.
Market performance
The Dow rose 165.21 points, or 0.36%, to 46,669.88. The S&P 500 gained 29.33 points, or 0.45%, to 6,612.02.
The Nasdaq added 117.16 points, or 0.54%, to close at 21,996.34. All three benchmarks finished modestly higher.
Geopolitical backdrop
Iran rejected a U.S. proposal for an immediate ceasefire, according to IRNA. Tehran said it wants a permanent end to the conflict.
U.S. officials continued talks with Iran and regional mediators on ceasefire terms. Some headlines framed the move as Wall Street Rises Amid US-Iran Negotiation.
President Trump issued increasingly forceful warnings about the Strait of Hormuz. Market strategists and risk teams ran broader Threat Analysis as a result.
Economic data
The ISM non-manufacturing PMI showed slower expansion in March. Employment in services contracted while prices paid rose sharply.
Prices paid in the services survey were the strongest since October 2022. That reading heightened inflation concerns among traders.
The March jobs report, released on the Good Friday holiday, showed 178,000 jobs added. That figure beat the 60,000 consensus estimate by a wide margin.
February payrolls were revised to a 133,000 loss, down from a 92,000 decline previously reported. The revision tempered the upside surprise.
Sector and stock movers
Communication services led sector gains, while utilities lagged. Travel and leisure, aerospace & defense, and homebuilders outperformed peers.
Soleno Therapeutics shares surged about 32.3% after Neurocrine Biosciences agreed to buy the rare-disease drugmaker. The deal was valued at roughly $2.9 billion in cash.
Higher bitcoin prices supported crypto-linked stocks. Coinbase rose about 1.9% and MicroStrategy climbed roughly 6.6%.
Market breadth and volume
On the NYSE, advancers outnumbered decliners by about 1.93-to-1. There were 88 new highs and 54 new lows.
On the Nasdaq, 2,918 stocks rose and 1,788 fell. Advancing issues beat decliners by about 1.63-to-1.
The S&P posted seven new 52-week highs and two new lows. The Nasdaq recorded 61 new highs and 70 new lows.
Trading volume across U.S. exchanges totaled 14.78 billion shares. That compared with a 20-day average of 19.51 billion shares.
Reporting by Filmogaz.com.
