The New York Stock Exchange opens higher this Tuesday, buoyed by renewed hope on the geopolitical front.
The Dow Jones Industrial Average is up +1.13% to 45,727 points. The S&P 500 gains +1.11% to 6,414 points. The Nasdaq Composite advances +1.32% to 21,069 points.
The movement is attributed to an article in the Wall Street Journal indicating that Donald Trump may be prepared to end the military campaign in Iran, even without a complete reopening of the Strait of Hormuz. This perspective supports the market, despite the ongoing fluctuating communication from the White House.
The rebound, however, remains fragile. Oil continues to rise, with Brent around $118.6, up over 5% in the session. The war continues to fuel inflationary concerns and weighs on the monthly trend: U.S. indices are expected to close the month significantly lower.
In this context, volatility remains high. As Mark Malek points out, the market reacts primarily to signals of calm, even if partial.
In terms of stocks, Marvell Technology rises by +9.5% after a $2 billion investment from Nvidia.
Conversely, McCormick & Company drops by 10%, affected by advanced discussions with Unilever regarding a merger of their food businesses.
The market remains dependent on geopolitical developments, showing a technical rebound but still with little visibility.
