FX.co ★ US Stocks Hold Up Following US Strikes on Iran

On Monday, US stocks remained largely unchanged, suggesting a measured investor response to concerns regarding US military actions in Iran and their potential impact on energy markets and geopolitical stability in the Middle East. The key indices, including the S&P 500, the Dow Jones, and the Nasdaq 100, hovered near their previous levels. Over the weekend, US forces targeted Iranian nuclear facilities, an action that followed President Trump's earlier assertion that an attack was not imminent. Despite Iran's promise of a forceful response and its parliament's initiative to potentially close the Strait of Hormuz, oil tankers have continued navigating the area undisrupted. Consequently, crude oil prices settled back, easing fears of rising inflation. In contrast to the subdued movements in WTI futures, Chevron and ExxonMobil experienced a roughly 2% increase. In other market developments, Tesla's stock was almost unchanged after the company's introduction of select driverless taxi services on Sunday. In the tech sector, AMD's shares rose by 2% following an upgrade issued by Melius Research.