On Monday, June 23, U.S. markets closed higher as investors were relieved by Iran’s measured response to American airstrikes, easing fears of wider conflict.
The major indexes ended higher, while oil prices plunged sharply after traders bet that global crude supplies would remain stable. Analysts pointed to Iran’s limited military capabilities and lack of strong allies as reasons for the market’s calm reaction despite heightened geopolitical risks in the Middle East.
In economic data, S&P Global’s U.S. services PMI dipped to 53.1 in June from 53.7, slightly above expectations of 52.9. The manufacturing PMI remained unchanged at 52, indicating a steady expansion in factory activity.
Related: Israel Says Iran Broke Trump Ceasefire, Orders’ High-Intensity Strikes’ On Tehran
Consumer and real estate stocks led broad S&P 500 gains Monday, while energy shares fell as oil prices …
Full story available on Benzinga.com
On Monday, June 23, U.S. markets closed higher as investors were relieved by Iran’s measured response to American airstrikes, easing fears of wider conflict.
The major indexes ended higher, while oil prices plunged sharply after traders bet that global crude supplies would remain stable. Analysts pointed to Iran’s limited military capabilities and lack of strong allies as reasons for the market’s calm reaction despite heightened geopolitical risks in the Middle East.
In economic data, S&P Global’s U.S. services PMI dipped to 53.1 in June from 53.7, slightly above expectations of 52.9. The manufacturing PMI remained unchanged at 52, indicating a steady expansion in factory activity.
Related: Israel Says Iran Broke Trump Ceasefire, Orders’ High-Intensity Strikes’ On Tehran
Consumer and real estate stocks led broad S&P 500 gains Monday, while energy shares fell as oil prices …
Full story available on Benzinga.com
On Monday, June 23, U.S. markets closed higher as investors were relieved by Iran’s measured response to American airstrikes, easing fears of wider conflict.
The major indexes ended higher, while oil prices plunged sharply after traders bet that global crude supplies would remain stable. Analysts pointed to Iran’s limited military capabilities and lack of strong allies as reasons for the market’s calm reaction despite heightened geopolitical risks in the Middle East.
In economic data, S&P Global’s U.S. services PMI dipped to 53.1 in June from 53.7, slightly above expectations of 52.9. The manufacturing PMI remained unchanged at 52, indicating a steady expansion in factory activity.
Related: Israel Says Iran Broke Trump Ceasefire, Orders’ High-Intensity Strikes’ On Tehran
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