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06.04.202613:38:59UTC+00US Stocks Inch Higher

US stocks mostly rose on Monday as investors continued to assess the uncertain impact of the war involving Iran. The S&P 500 and the Dow posted modest gains, while the Nasdaq 100 advanced 0.7% in a session led by technology shares.

Reports indicated that US allies were pushing for a last-minute agreement with Iran tied to a potential longer-term ceasefire. However, heightened rhetoric from Tehran, alongside President Trump’s threat of aggressive strikes beginning tomorrow, kept the risk of further escalation elevated.

The conflict continued to disrupt supply in crude oil and refined products, with spot crude prices in Europe having touched their highest levels since 2008 last week. The pro‑inflationary backdrop for Federal Reserve policy was reinforced by a strong jobs report released on Friday, giving the Fed more scope to raise interest rates and tempering the prospects for a more robust resurgence in risk appetite.

In corporate news, Netflix gained nearly 2% following an upgrade from Goldman Sachs, while AMD rose close to 3%, rebounding from last week’s weakness in the compute sector.

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