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US Stocks Halt Five-Day Rally as Ceasefire Extension In Doubt

Bloomberg
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U.S. stocks ended a five-day rally Monday after President Trump signaled a ceasefire extension with Iran was unlikely, dampening market optimism and reversing recent gains. The S&P 500 fell 0.2% in New York, retreating from record highs, while the Nasdaq 100 dropped 0.3%, led by tech sector declines amid rising geopolitical uncertainty. Brent crude surged 5.3% to near $95 a barrel as Middle East tensions escalated, reflecting fears of supply disruptions and heightened energy market volatility. The Cboe Volatility Index remained steady at 19, suggesting cautious but not panicked investor sentiment despite the geopolitical risks and market pullback. The reversal marks a shift from last week’s bullish trend, with traders now weighing potential economic fallout from prolonged Iran tensions and energy price spikes.
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US Stocks Halt Five-Day Rally as Ceasefire Extension In Doubt

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:Traders work on the floor of the New York Stock Exchange.US stocks slipped on Monday as President Donald Trump said an extension to the ceasefire with Iran was unlikely.The S&P 500 Index closed 0.2% lower in New York, snapping five-straight sessions of gains and stepping back from an all-time closing. The tech-heavy Nasdaq 100 Index fell 0.3%. Brent crude surged 5.3% to around $95 a barrel, while the Cboe Volatility Index hovered at 19.

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Source: Bloomberg