Dow Rises 300 Points as Oil Retreats on Truce Hopes
U.S. stocks closed higher Monday, as oil prices retreated after the Israel-Iran attacks left crude production and exports unaffected, easing investor concerns about the potential for higher energy prices to stoke inflation.
Crude prices settled down more than 1% on hopes a truce was on the horizon between Israel and Iran after days of missile strikes, as Iran called on U.S. President Donald Trump to force a ceasefire in the four-day-old aerial war, while Israel's prime minister said his country was on the "path to victory."
Oil prices had surged more than 7% on Friday after Israel began bombing Iran. Tehran has asked Qatar, Saudi Arabia and Oman to press Trump to use his influence with Israel to agree to an immediate ceasefire, in return for Iran's flexibility in nuclear negotiations, sources told Reuters.
"The wild card is really what's going to happen to oil prices ... any little geopolitical move can have pretty big impacts on that sector and in this economy also," said George Young, portfolio manager with Villere & Co in New Orleans.
"The cases that the consumer pulls in their horns and their nerves about inflation and don't spend, well, that's going to have a direct impact on earnings, it doesn't matter which sector of the economy you've invested in."
According to preliminary data, the S&P 500 gained 56.29 points, or 0.94%, to end at 6,033.26 points, while the Nasdaq Composite gained 294.73 points, or 1.52%, to 19,701.56. The Dow Jones Industrial Average rose 317.79 points, or 0.76%, to 42,519.14.
Investors are also awaiting the U.S. Federal Reserve's monetary policy decision on Wednesday, when policymakers are widely expected to keep interest rates unchanged.
Money markets are largely not expecting the Fed to cut rates until September, pricing in a 61.1% chance for a cut of at least 25 basis points, according to LSEG data.
"Interest rates are still higher and so that one is a bit tough to fathom because perhaps markets are still anticipating some inflation," said Jack Ablin, chief investment officer of Cresset Capital in Chicago.
"If nothing else, just the heightened uncertainty, combined with the tariffs is probably keeping the Fed sidelined."
Economic data expected this week includes monthly retail sales, import prices and weekly jobless claims.
Tech and communication services led S&P sector gains while utilities and energy were the worst performers.
The Philadelphia SE Semiconductor index jumped, led by a surge in Advanced Micro Devices after Piper Sandler raised its price target on the chipmaker. UPS and FedEx edged up after the Trump Organization launched a self-branded mobile network, dubbed Trump Mobile, and named the companies as shipping partners.
Shares of Sarepta Therapeutics plummeted after the company disclosed a second case of a patient dying due to acute liver failure after receiving its gene therapy for a rare form of muscular dystrophy. U.S. Steel rose after Trump approved Nippon Steel's $14.9 billion bid for the company.
Ousted ABC News Reporter Defends 'Hater' Rant
Terry Moran, who left ABC News after he was suspended for calling a White House senior adviser "a world-class hater" on social media, defended his decision in a podcast appearance this week.
Terry Moran, who left ABC News after he was suspended for calling a White House senior adviser "a world-class hater" on social media, defended his decision in a podcast appearance this week.
"It was something that was in my heart and mind. And I would say I used very strong language deliberately," Moran said on "The Bulwark" podcast. "You see [Stephen Miller] all the time doing the same, spitting venom and lies into our debate, degrading our public discourse, debasing it and using the power of the White House and what he's been given."
Moran said he looked at the post he made and said, 'That's true. And I hit send.'
Last week, ABC News said that it was at the end of its contract with Moran "and based on his recent post — which was a clear violation of ABC News policies — we have made the decision not to renew."
The Trump administration, including Vice President JD Vance, quickly condemned Moran for his late-night X post criticizing Miller, which was swiftly deleted.
Moran had interviewed President Donald Trump only a few weeks ago. He said in his X post that the president was also a hater but that his hatred was in service of his own glorification.
But for Miller, Moran said, "his hatreds are his spiritual nourishment. He eats his hate."
"ABC News stands for objectivity and impartiality in its news coverage and does not condone subjective personal attacks on others," ABC News wrote in a statement, announcing Moran's suspension. "The post does not reflect the views of ABC News and violated our standards — as a result, Terry Moran has been suspended pending further evaluation."
Following his firing, Moran launched his own Substack.
Sec. Duffy: Follow Immigration Law or Forfeit DOT Funding
City and state officials who don't comply with the Trump administration's immigration enforcement efforts risk losing federal funding from his department, Transportation Secretary Sean Duffy said Monday.
Transportation Secretary Sean Duffy said Monday that city and state officials who don't comply with the Trump administration's immigration enforcement efforts risk losing federal funding from his department.
"The @USDOT will NOT fund rogue state actors who refuse to cooperate with federal immigration enforcement," Duffy posted on X. "And to cities that stand by while rioters destroy transportation infrastructure — don't expect a red cent from DOT, either. Follow the law, or forfeit the funding."
Duffy's post quoted President Donald Trump's social media call for Immigration and Customs Enforcement officers to "do all in their power to achieve the very important goal of delivering the single largest Mass Deportation Program in History."
"In order to achieve this, we must expand efforts to detain and deport Illegal Aliens in America's largest Cities, such as Los Angeles, Chicago, and New York, where Millions upon Millions of Illegal Aliens reside," Trump wrote on Truth Social late Sunday.
"These, and other such Cities, are the core of the Democrat Power Center, where they use Illegal Aliens to expand their Voter Base, cheat in Elections, and grow the Welfare State, robbing good paying Jobs and Benefits from Hardworking American Citizens," he added.
"These Radical Left Democrats are sick of mind, hate our Country, and actually want to destroy our Inner Cities — And they are doing a good job of it!" the president said.
"There is something wrong with them," Trump continued. "That is why they believe in Open Borders, Transgender for Everybody, and Men playing in Women's Sports — And that is why I want ICE, Border Patrol, and our Great and Patriotic Law Enforcement Officers, to FOCUS on our crime ridden and deadly Inner Cities, and those places where Sanctuary Cities play such a big role. You don't hear about Sanctuary Cities in our Heartland!"
Duffy's promise to withhold funding comes on the heels of widespread "no kings" demonstrations over the weekend that protested Trump administration policies as well as amid the anti-immigration enforcement protests in Los Angeles and other major cities in recent weeks that have been marked by violence and property damage.
!summarize #minnesota #manifesto #democrat #shooting #trump
Dow Rises 300 Points as Oil Retreats on Truce Hopes
U.S. stocks closed higher Monday, as oil prices retreated after the Israel-Iran attacks left crude production and exports unaffected, easing investor concerns about the potential for higher energy prices to stoke inflation.
Crude prices settled down more than 1% on hopes a truce was on the horizon between Israel and Iran after days of missile strikes, as Iran called on U.S. President Donald Trump to force a ceasefire in the four-day-old aerial war, while Israel's prime minister said his country was on the "path to victory."
Oil prices had surged more than 7% on Friday after Israel began bombing Iran. Tehran has asked Qatar, Saudi Arabia and Oman to press Trump to use his influence with Israel to agree to an immediate ceasefire, in return for Iran's flexibility in nuclear negotiations, sources told Reuters.
"The wild card is really what's going to happen to oil prices ... any little geopolitical move can have pretty big impacts on that sector and in this economy also," said George Young, portfolio manager with Villere & Co in New Orleans.
"The cases that the consumer pulls in their horns and their nerves about inflation and don't spend, well, that's going to have a direct impact on earnings, it doesn't matter which sector of the economy you've invested in."
According to preliminary data, the S&P 500 gained 56.29 points, or 0.94%, to end at 6,033.26 points, while the Nasdaq Composite gained 294.73 points, or 1.52%, to 19,701.56. The Dow Jones Industrial Average rose 317.79 points, or 0.76%, to 42,519.14.
!summarize #alexkarp #finance #palantir
!summarize #nygiants #nfl
Investors are also awaiting the U.S. Federal Reserve's monetary policy decision on Wednesday, when policymakers are widely expected to keep interest rates unchanged.
Money markets are largely not expecting the Fed to cut rates until September, pricing in a 61.1% chance for a cut of at least 25 basis points, according to LSEG data.
"Interest rates are still higher and so that one is a bit tough to fathom because perhaps markets are still anticipating some inflation," said Jack Ablin, chief investment officer of Cresset Capital in Chicago.
"If nothing else, just the heightened uncertainty, combined with the tariffs is probably keeping the Fed sidelined."
Economic data expected this week includes monthly retail sales, import prices and weekly jobless claims.
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Tech and communication services led S&P sector gains while utilities and energy were the worst performers.
The Philadelphia SE Semiconductor index jumped, led by a surge in Advanced Micro Devices after Piper Sandler raised its price target on the chipmaker. UPS and FedEx edged up after the Trump Organization launched a self-branded mobile network, dubbed Trump Mobile, and named the companies as shipping partners.
Shares of Sarepta Therapeutics plummeted after the company disclosed a second case of a patient dying due to acute liver failure after receiving its gene therapy for a rare form of muscular dystrophy. U.S. Steel rose after Trump approved Nippon Steel's $14.9 billion bid for the company.
Ousted ABC News Reporter Defends 'Hater' Rant
Terry Moran, who left ABC News after he was suspended for calling a White House senior adviser "a world-class hater" on social media, defended his decision in a podcast appearance this week.
Terry Moran, who left ABC News after he was suspended for calling a White House senior adviser "a world-class hater" on social media, defended his decision in a podcast appearance this week.
"It was something that was in my heart and mind. And I would say I used very strong language deliberately," Moran said on "The Bulwark" podcast. "You see [Stephen Miller] all the time doing the same, spitting venom and lies into our debate, degrading our public discourse, debasing it and using the power of the White House and what he's been given."
Moran said he looked at the post he made and said, 'That's true. And I hit send.'
Last week, ABC News said that it was at the end of its contract with Moran "and based on his recent post — which was a clear violation of ABC News policies — we have made the decision not to renew."
The Trump administration, including Vice President JD Vance, quickly condemned Moran for his late-night X post criticizing Miller, which was swiftly deleted.
Moran had interviewed President Donald Trump only a few weeks ago. He said in his X post that the president was also a hater but that his hatred was in service of his own glorification.
But for Miller, Moran said, "his hatreds are his spiritual nourishment. He eats his hate."
!summarize #california #liberals #politics #democrat
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"ABC News stands for objectivity and impartiality in its news coverage and does not condone subjective personal attacks on others," ABC News wrote in a statement, announcing Moran's suspension. "The post does not reflect the views of ABC News and violated our standards — as a result, Terry Moran has been suspended pending further evaluation."
Following his firing, Moran launched his own Substack.
!summarize #losangeles #insrrection #paid
Sec. Duffy: Follow Immigration Law or Forfeit DOT Funding
City and state officials who don't comply with the Trump administration's immigration enforcement efforts risk losing federal funding from his department, Transportation Secretary Sean Duffy said Monday.
Transportation Secretary Sean Duffy said Monday that city and state officials who don't comply with the Trump administration's immigration enforcement efforts risk losing federal funding from his department.
"The @USDOT will NOT fund rogue state actors who refuse to cooperate with federal immigration enforcement," Duffy posted on X. "And to cities that stand by while rioters destroy transportation infrastructure — don't expect a red cent from DOT, either. Follow the law, or forfeit the funding."
Duffy's post quoted President Donald Trump's social media call for Immigration and Customs Enforcement officers to "do all in their power to achieve the very important goal of delivering the single largest Mass Deportation Program in History."
"In order to achieve this, we must expand efforts to detain and deport Illegal Aliens in America's largest Cities, such as Los Angeles, Chicago, and New York, where Millions upon Millions of Illegal Aliens reside," Trump wrote on Truth Social late Sunday.
"These, and other such Cities, are the core of the Democrat Power Center, where they use Illegal Aliens to expand their Voter Base, cheat in Elections, and grow the Welfare State, robbing good paying Jobs and Benefits from Hardworking American Citizens," he added.
!summarize #tuckercarlson #trump #stevebannon #war #neocon #iran
"These Radical Left Democrats are sick of mind, hate our Country, and actually want to destroy our Inner Cities — And they are doing a good job of it!" the president said.
"There is something wrong with them," Trump continued. "That is why they believe in Open Borders, Transgender for Everybody, and Men playing in Women's Sports — And that is why I want ICE, Border Patrol, and our Great and Patriotic Law Enforcement Officers, to FOCUS on our crime ridden and deadly Inner Cities, and those places where Sanctuary Cities play such a big role. You don't hear about Sanctuary Cities in our Heartland!"
Duffy's promise to withhold funding comes on the heels of widespread "no kings" demonstrations over the weekend that protested Trump administration policies as well as amid the anti-immigration enforcement protests in Los Angeles and other major cities in recent weeks that have been marked by violence and property damage.
!summarize #dating #relationships #society
!summarize #bitcoin #treasury #companies #crypto
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!summarize #china #tesla #elonmusk #china #automotive
!summarize #democrats #politics
!summarize #sweetgreen #restaurant #business #food
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