US stocks followed their world counterparts higher on Monday, with the S&P 500 and the Nasdaq snapping five-day losing streaks and the blue-chip Dow notching an all-time closing high as the US and Iran halted attacks and took steps toward de-escalation.
Market Moves
The Dow hit a record closing high, while the S&P 500 and the Nasdaq also rose. Comcast shares surged on news of NBCUniversal spinoff, and chip stocks bounced back.
The dollar slipped but remained near a 13-month high, and the yen touched its weakest level since 1986. US Treasury yields inched higher as focus turned to jobs data.
Global Developments
A record-breaking heat wave continued to move through Europe, and the US faces its own spate of dangerously high temperatures. Iranian and US teams working on implementation of an interim peace deal are expected to meet in Doha after mutual airstrikes over the weekend threatened the fragile truce.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
