US stocks extended gains on Monday, with the S&P 500, Dow, and tech-heavy Nasdaq 100 each rising more than 1%, buoyed by easing geopolitical tensions. The Wall Street Journal reported that Iran is seeking to de-escalate hostilities with Israel and resume negotiations over its nuclear program, signaling its intentions through Arab intermediaries to both Israel and the US.
Meanwhile, the Federal Reserve is expected to hold interest rates steady this week, with markets closely watching the updated Summary of Economic Projections for insights into how fiscal uncertainty and potential tariffs may influence the policy outlook. Tech stocks led the rally, with Meta, Palantir and Tesla rising more than 3% on increased investor interest tied to its military-related business. US Steel climbed as much as 5% after President Trump formally approved Nippon Steel’s $14.1 billion acquisition of the company. Meanwhile, Roku soared 10% following news of a new partnership with Amazon Ads.
