Wall Street closes higher on technology and Iran developments

Major Wall Street indexes rose Monday driven by technology stocks and reduced risk aversion after tensions with Iran.

The Nasdaq rose 2.07 percent to 25,820.14 points. The S&P 500 gained 1.17 percent to close at 7,440.43 while the Dow Jones advanced 0.59 percent to 52,182.74.

The gains were attributed to optimism over artificial intelligence investments after profit taking the prior week. In Mexico the S&P/BMV IPC added 0.62 percent to 67,640.59 and the FTSE BIVA rose 0.66 percent.

West Texas Intermediate climbed 1.96 percent to 70.59 dollars per barrel and Brent gained 1.10 percent to 72.78 dollars. The Mexican peso appreciated 0.19 percent to 17.47 pesos per dollar according to Banxico.

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Wall Street market closing higher with tech sector gains illustrated realistically.
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Wall street closes higher led by tech sector

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Wall Street markets closed higher on May 13, led by gains in the technology sector ahead of the US-China meeting.

Wall Street posted losses on May 19 as a lack of clarity in geopolitical agreements revived fears of a longer Middle East conflict.

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The Mexican stock market closed higher on Monday, May 18, while Wall Street posted mixed results amid uncertainty over a potential United States-Iran agreement.

Seoul stocks opened 1.76 percent higher on Tuesday after the United States and Iran reached an agreement to reopen the Strait of Hormuz. The KOSPI rose 150.57 points to 8,696.55 at the open.

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Global markets reacted optimistically to a two-week truce announcement between the United States and Iran, boosting stocks and bonds while oil prices plunged. President Donald Trump confirmed a regime change in Iran and talks on sanctions relief. In Argentina, the country risk index dropped below 570 basis points.

Japan's Nikkei share average briefly topped 60,000 on Thursday before profit-taking reversed the gains, closing 0.75% lower at 59,140.23 after hitting a record high of 60,013.98. Geopolitical uncertainties in the Middle East weighed on sentiment amid rising oil prices. U.S. President Donald Trump's announcement extending the ceasefire with Iran supported early rises, though Iranian officials rejected any agreement.

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Argentine stocks and bonds closed lower on Tuesday, April 7, aligning with international markets hit by Donald Trump's ultimatum to Iran. Wall Street saw losses, and oil prices topped US$110 per barrel. Country risk rose to 615 basis points per J.P. Morgan.

 

 

 

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