Dow rises more than 350 points Monday as oil slides on Iran’s restrained retaliation to US attacks

US Stock Market Highlights: US stocks climbed and crude oil prices plunged on Monday (June 23) as investors took comfort in Iran’s relatively measured retaliation to American airstrikes over the weekend. The Dow Jones Industrial Average rose 374.96 points, or 0.89%, to close at 42,581.78. The S&P 500 advanced 0.96% to 6,025.17, while the Nasdaq Composite added 0.94%, ending the session at 19,630.97.US Stock Market Highlights:  US stocks climbed and crude oil prices plunged on Monday (June 23) as investors took comfort in Iran’s relatively measured retaliation to American airstrikes over the weekend. The Dow Jones Industrial Average rose 374.96 points, or 0.89%, to close at 42,581.78. The S&P 500 advanced 0.96% to 6,025.17, while the Nasdaq Composite added 0.94%, ending the session at 19,630.97. Market sentiment improved after Iran launched a missile attack on a US base in Qatar in response to American strikes on its nuclear facilities in Fordo, Isfahan, and Natanz. The missiles were intercepted by Qatari defenses, and no casualties were reported. The limited impact of the retaliation triggered a sharp pullback in oil prices. West Texas Intermediate (WTI) crude futures tumbled over 7%, settling at $68.51 per barrel, after briefly trading above $78 overnight — their highest level since January. Traders reassessed the risk to global oil supplies and concluded that disruptions were unlikely in the immediate term. Watch this space for more live updates.

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