US Stock Market Today: Dow, S&P 500 and Nasdaq Rise as Iran Ceasefire Hopes Clash With Inflation Fears
Stocks in the U.S. moved up on Monday, with the Dow adding 83 points, the S&P 500 rising 0.25%, and the Nasdaq ahead 0.40% as of 11:50 a.m. ET. Fresh reports of Iran ceasefire talks seemed to keep momentum going after last week’s sharpest rally in four months. Bank stocks and chip plays set the tone—JPMorgan Chase and Visa buoyed financials, while Seagate surged on a Morgan Stanley upgrade to its top picks. “March was a tough month for stocks and investors really just want to find a reason to be optimistic,” said Melissa Brown, managing director of investment decision research at SimCorp.