Iran, Dow and US stock
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Wall Street is coming off a losing session in which higher oil prices and spiking Treasury yields weighed on equities.
US stock futures rose at the start of the month on growing optimism that tensions with Iran could ease, after President Donald Trump signaled a possible military withdrawal within weeks. Gains in equities were accompanied by softer oil prices and lower Treasury yields,
The Nasdaq Composite flipped to negative early Monday afternoon, while the Dow Jones Industrial Average and the S&P 500 continued to climb following Federal Reserve Chairman Jerome Powell's [comments]
U.S. oil prices also rose to start the week, with West Texas Intermediate futures settling up 3.25% at $102.88 per barrel — its highest close since July 19, 2022. Brent crude futures inched up 0.19% to $112.78 a barrel and were on pace the biggest monthly surge ever with a 55% rise in the period.
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Dow (DOW) is a leading material science company with a broad, differentiated product portfolio and global manufacturing footprint. DOW has demonstrated strong technical momentum, trading at a new 52-week high.