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US markets climb amid oil stability
U.S. stock indices slightly increased as oil prices remained stable, amid investor anticipation for the upcoming U.S. inflation data scheduled to be released tomorrow, which will influence the Federal Reserve's monetary policy decision. Notably, the S&P 500 index rose by 0.1%, the Nasdaq by 0.3%, and the Dow Jones gained 117 points. This comes amidst worsening conditions in the Middle East, with reports suggesting the near reopening of the Strait of Hormuz amid dissatisfaction with the stalled negotiations between Iran and the United States. Technology stocks such as Nvidia increased by 2%. Oil prices saw a slight decline as markets await further political and economic developments that could impact inflation and economic growth.
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