US stocks open stable amid hopes for a ceasefire in Iran
US stock indices stabilized at the beginning of trading on Monday, as investors remained cautious against the backdrop of a proposed ceasefire in the Iranian war.
The Standard & Poor’s 500 index was relatively stable after a week of gains, with a slight decline in Oil prices, with traders anticipating the possibility of the imminent expiration of The US-Iranian War.
The general market index rose by 0.1%, while the Nasdaq Composite index rose by 0.3%. On the other hand, the Dow Jones Industrial Average fell by 35 points, or 0.1%.
And stock exchanges achieved "Wall Street" Strong performance last week, as the S&P 500 rose 3.4%, ending a 5-week losing streak, recording its best weekly performance since late November.
The Dow Jones and Nasdaq also ended 5 consecutive weeks of declines. The first rose by 3% during the week, while the second jumped by 4.4%.
On the political level, Moog reported "Axios" That the United States, Iran and a group of regional mediators are discussing the A possible ceasefire for a period of 45 days, which may lead to a permanent end to the war, although the chances of reaching a partial agreement before the deadline on Tuesday are difficult.
On the other hand, it reported "Reuters" That Iran and the United States have received a plan to end hostilities, which, if approved, would lead to an immediate ceasefire and the reopening of the Strait of Hormuz. Pakistan has drafted this framework, which may come into force on Monday, according to a source who requested anonymity.
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