President Donald Trump posted early Monday that “both sides, Israel and Iran, are looking to do an immediate ceasefire,” shortly before Iran’s armed forces said they had ended military operations against Israel, while warning of “harsher attacks” if strikes on Lebanon resume. Israeli Prime Minister Benjamin Netanyahu struck a more guarded tone, saying Israel was “holding fire for now” but reserved “the full right to self-defense.”
Crude pared a sharper early advance as the de-escalation narrative took hold. WTI crude rose 1.0% to around $91.41 a barrel, while Brent climbed 1.6% to roughly $94.62, both well below the peak future contracts reached during the weekend’s conflict spike.
Across U.S. equity markets by midday Monday, gains were broad-based but concentrated in technology. The S&P 500 rose 0.8% to 7,440, and the Dow Jones Industrial Average edged up 0.2% to 50,958.
The Nasdaq 100 outperformed with a 2.1% jump to 29,565 as chip stocks staged a sharp recovery. Gold was little changed, ticking up 0.2% to about $4,339 an ounce.
Bitcoin (CRYPTO: BTC) rose 0.8% to above $63,000 after a 4% gain on Sunday.
Treasury yields eased from session highs but stayed elevated. The 10-year yield slipped to 4.56% after touching 4.58% earlier, the 2-year held at 4.17%, and the 30-year remained above 5%.
Friday’s blowout jobs report, 172,000 payrolls added versus 85,000 expected, has kept rate-hike fears alive, with markets pricing roughly a 52% chance of a Fed hike as soon ...
