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Stronger open for the major US stock indices

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Stronger open for the major US stock indices
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Major U.S. stock indices opened higher as investors leaned on easing geopolitical tensions, sharply lower oil prices, and hopes of renewed diplomacy after recent Middle East flare-ups. The Dow led with a 1.23% gain, the Nasdaq rose about 242 points (0.95%) and the S&P 500 was up 0.81%. A key driver was crude’s drop: WTI was down more than $5.40 per barrel, extending a retreat as traders unwound the geopolitical risk premium built into prices over the prior two weeks. Reports of a pause in U.S. military operations against Iran, alongside signs Tehran would avoid escalation, supported the optimism. The article also notes a technical setup for the Nasdaq, with 25,109 now a near-term support level and resistance targets above.

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