U.S. stocks advance amid oil swings
U.S. stocks rose today, Monday, amid oil price fluctuations due to escalating tensions between the United States and Iran, following improved investor sentiment after an Iranian statement suggesting the possibility of resuming negotiations based on national interests. The S&P 500 index increased by 0.6%, the Nasdaq by 0.9%, and the Dow Jones by 221 points or 0.4%. Supporting the rise in stocks were gains in the semiconductor sectors, with Microchip Technology soaring about 5%, and the VanEck Semiconductor Index rising by more than 2%. Despite ongoing strikes on Iran, oil prices stabilized around $82 per barrel for US crude and $88 for Brent.
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