U.S. stocks rallied Monday as investor confidence returned, buoyed by optimism that the escalating hostilities between Israel and Iran may remain contained. The S&P 500 rose 0.9% to close at 6,033.11, bolstered by a standout performance from Estée Lauder, which surged 10.78%. The Nasdaq climbed 1.52% to 19,701.21, and the Dow Jones added 0.8%, closing at 42,515.09, supported in part by gains across the banking sector.
The rebound in sentiment extended across global markets. South Korea's Kospi advanced 1.8%, and Japan's Nikkei 225 climbed 1.3%, marking some of the day's strongest performances. Chinese markets also ticked higher after new data showed a rise in consumer spending in May, despite headwinds in industrial growth and investment. Stocks gained 0.7% in Hong Kong and 0.3% in Shanghai.
