Wall Street's main indexes gained on Monday as easing tensions in the Middle East lifted sentiment following recent hostilities between the U.S. and Iran, while Comcast shares soared on plans to split into two companies. Iranian and U.S. technical teams working to implement an interim peace deal are expected to meet in Doha in the coming days, a source told Reuters on Monday after strikes over the weekend threatened the fragile peace.
While diplomatic efforts to put an end to the conflict have calmed investors, caustic rhetoric and occasional flare-ups in the region have at times raised the risk of a broader escalation that could push oil prices higher.