On Monday, US stocks rose as investors welcomed a temporary pause in US-Iran hostilities and the resumption of commercial shipping through the Strait of Hormuz. The Dow Jones Industrial Average gained roughly 300 points, while the S&P 500 advanced 0.8% and the Nasdaq Composite climbed 1.4% amid strength in large-cap technology shares.
Alphabet rose more than 4% after officially joining the Dow Jones Industrial Average, attracting renewed investor interest as index-tracking funds rebalanced holdings. Comcast surged 7% after announcing plans to separate its media and technology operations into two independent publicly traded companies, with the spin-off expected within the next year. According to US officials, both sides agreed to stand down while negotiations continue under a broader memorandum of understanding. President Donald Trump confirmed that American and Iranian officials are scheduled to meet Tuesday in Doha, Qatar.