Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Trump Questions USMCA Renewal as Trade Talks Continue 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Wall Street closed sharply higher on Monday, driven by strong rebounds in major artificial intelligence (AI) and technology stocks, as hopes grew that Washington was nearing a resolution to the record-breaking U.S. government shutdown.
The longest shutdown in U.S. history appears close to ending after a bipartisan compromise to restore federal funding cleared a Senate hurdle late Sunday. Though final approval from Congress remains pending, investor sentiment turned positive.
“The shutdown had gone on longer than expected, raising concerns about the economy and potential travel disruptions,” said Chris Zaccarelli, chief investment officer at Northlight Asset Management.
Tech giants led the charge, with Nvidia soaring 5.8%, Palantir jumping 8.8%, and Tesla gaining 3.7%. The S&P 500 technology sector, which had dropped 4.2% last week, bounced back strongly. “This is a classic ‘buy the dip’ rally,” said Ross Mayfield, investment strategist at Baird. “The AI theme remains solid, supported by strong earnings.”
The S&P 500 advanced 1.54% to 6,832.43, the Nasdaq surged 2.27% to 23,527.17—its biggest one-day gain since May 27—and the Dow Jones Industrial Average rose 0.81% to 47,368.63. Semiconductor stocks also surged, lifting the PHLX index 3%, while the small-cap Russell 2000 gained 0.9%.
Trading volume was slightly below average, with 17.9 billion shares exchanged. Meanwhile, airlines faced pressure amid flight cuts and staff shortages—United Airlines slipped 1.3% and American Airlines lost 2.5%.
Health insurers tumbled as the Senate deal ended the 40-day shutdown without extending Affordable Care Act subsidies. Centene plunged 8.8%, Humana fell 5.4%, and Elevance Health dropped 4.4%.
Elsewhere, Pfizer won a $10 billion bidding war for Metsera, sending Metsera shares down 14.8%. Eli Lilly gained 4.6% to a record high after an analyst upgrade.
Optimism over AI continues to drive Wall Street’s 2025 bull run, signaling renewed investor confidence in the tech-driven economy.
