The S&P 500 Index ($SPX) (SPY) on Monday closed up +1.02%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.63%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.06%. June E-mini S&P futures (ESM26) rose +0.98%, and June E-mini Nasdaq futures (NQM26) rose +1.06%.
Stock indexes erased early losses on Monday and rallied, with the S&P 500 posting a 5-week high and the Nasdaq 100 posting a 1.5-month high. Oracle jumped by more than +12% on Monday, leading a rally in software stocks that sparked short covering in the broader market. Stocks extended their gains on Monday, while crude oil prices fell from their best level after President Trump said Iran still wanted to make a deal and reached out to the US about peace negotiations.
