Palantir, Energy Stocks Rally, Cruise Lines Tumble On US And Israeli-Iran War: What's Moving Markets Monday?
Wall Street traded firmly higher at midday in New York on Monday, reversing overnight futures losses as investors brushed aside escalating tensions in the Middle East.
• Figure Technology stock is charging ahead with explosive momentum. Why are FIGR shares rallying?
The Nasdaq 100 gained 0.3% to 25,025, supported by strength in large-cap technology names. The S&P 500 rose 0.1% to 6,890, while the Dow Jones Industrial Average hovered near flat at around 49,000.
Small caps outperformed, with the Russell 2000 climbing 0.5% to 2,645.61.
During a press briefing at the White House, President Donald Trump defended “Operation Epic Fury” as a decisive campaign to dismantle Iran's military and nuclear capabilities, signaling a four- to five-week timeline but warning the U.S. is prepared to stay engaged longer if necessary.
Defense-linked names led gains. The SPDR S&P Aerospace & Defense ETF (NYSE: XAR) climbed 2%, emerging as the top-performing industry group.
Palantir Technologies Inc. (NASDAQ: PLTR) topped the S&P 500, rising 6.5% and heading for its strongest session in a month.
In commodities, oil rallied 5.1% to $70 per barrel, yet showing some cooling price momentum after briefly touching $75 overnight.
The energy sector gained about 1.3%, with Marathon Petroleum Corp. (NYSE: MPC) emerging as the group’s best gainer with a 4.5% advance.
Travel-linked shares lagged sharply. The U.S. Global Jets ETF (NYSE: JETS) dropped 2.2%.
Among cruise operators, Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) tumbled 9%, marking its worst session since November. Carnival Corp. (NYSE: CCL) fell 7%, while Royal Caribbean Cruises Ltd. (NYSE: RCL) declined 3.6%.
Treasury markets saw heavy selling. The 10-year yield jumped 11 basis points to 4.07%, marking the largest one-day increase since April's tariff-driven shock. In currencies, the U.S. dollar strengthened 0.9%.
Gold rose 0.5% to $5,300 per ounce. Silver sank 6% to $88 per ounce. Meanwhile, Bitcoin (CRYPTO: BTC) rallied 5.2% to $69,150.
Monday's Performance In Major US Indices, ETFs
| Nasdaq 100 | 25,026.78 | +0.3% |
| S&P 500 | 6,888.34 | +0.1% |
| Dow Jones | 48,983.10 | +0.0% |
| Russell 2000 | 2,645.61 | +0.5% |
According to Benzinga Pro data:
- The Vanguard S&P 500 ETF (NYSE: VOO) rose 0.1% to $631.96
- The SPDR Dow Jones Industrial Average (NYSE: DIA) rose 0.0% to $489.83.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ: QQQ) rallied 0.28% to $609.02
- The iShares Russell 2000 ETF (NYSE: IWM) traded 0.5% higher to $264.56.
Russell 1000's Top 5 Gainers And Losers On Monday
| Figure Technology Solutions, Inc. (NYSE: FIGR) | +17.58% |
| Coherent Corp. (NYSE: COHR) | +14.25% |
| Circle Internet Group, Inc. (NYSE: CRCL) | +12.89% |
| Lumentum Holdings Inc. (NASDAQ: LITE) | +9.73% |
| AAON, Inc. (NASDAQ: AAON) | +8.20% |
| The AES Corporation (NYSE: AES) | -17.33% |
| ADT Inc. (NYSE: ADT) | -10.91% |
| Norwegian Cruise Line Holdings Ltd. | -9.22% |
| e.l.f. Beauty, Inc. (NYSE: ELF) | -9.10% |
| Elevance Health, Inc. (NYSE: ELV) | -8.52% |
Photo: Shutterstock
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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