U.S. stocks rose Monday, with gains led by energy and growth-sensitive sectors as investors weighed ongoing conflict in Iran against firm economic data.
The S&P 500 Energy index climbed as crude futures held near recent highs, well above the psychologically important $100 level, while broader sector gauges showed modest advances for tech and financials.
- SPY shares are up. See the chart and price action here.
President Donald Trump has set a deadline of Tuesday evening for Iran to reopen the Strait of Hormuz or face large‑scale strikes on power plants, bridges and other infrastructure.
Tehran has so far rejected U.S. ceasefire and reopening proposals, keeping markets on edge over whether the deadline brings de‑escalation or a major military escalation.
Oil and Energy
WTI crude futures hovered around the $112 dollar mark after briefly spiking above $115 dollars earlier Monday, as headlines around shipping disruptions and ceasefire efforts in the Strait of Hormuz kept volatility elevated.
The United States Oil Fund (NYSE:USO) was up slightly at $137.94, according to Benzinga Pro data.
The …