Stocks Get Tech Lift as Oil Falls on US-Iran Hopes: Markets Wrap
(Bloomberg) — A rally in technology giants sent stocks toward their best day since early August, with the market also gaining as oil prices sank on hopes for diplomatic efforts to end the war in Iran.
The rise in equities sent the S&P 500 up 1.6%. Chipmakers surged as early signs of success for Meta Platforms Inc.’s new artificial-intelligence agent sparked enthusiasm about the industry. The company’s shares jumped 12%. The Nasdaq 100 climbed 2.8%. Brent crude settled around $100, easing inflation angst. Treasury 10-year yields fell below 5%. Bitcoin topped $85,000.
President Donald Trump told Fox News he’d “probably” be open to meeting his Iranian counterpart, Masoud Pezeshkian, on the sidelines of the UN General Assembly in New York. Meantime, Saudi Arabia’s observed oil loadings from inside the Persian Gulf jumped over the weekend.
“Signs of diplomacy could ease oil prices and inflation fears, while further escalation or disruptions to regional exports could send crude higher, pressure consumers and complicate the Fed’s next move,” said Jay Woods at Freedom Capital Markets.
Wall Street is also gearing up for this week’s summit between President Donald Trump and his Chinese counterpart Xi Jinping, with officials from both countries offering upbeat assessments of their talks on AI, trade and investment.
“Traders are looking for news on any agreements that may reduce tariffs or improve access to critical minerals,” said Woods. “Any positive developments on that front could lift equities particularly those in technology, industrial and consumer stocks.”
The flipside is that a breakdown in talks could revive trade-war concerns and market swings, he added.
US equities are vulnerable to a further increase in energy prices and bond-market volatility, according to Morgan Stanley’s Michael Wilson.
“Should the correction in valuation take a turn for the worse in the near term due to a further tightening of financial conditions and/or materially higher energy prices, we think the S&P 500 could trade as low as 7,100 before the bull market resumes into year end,” Wilson wrote.
The gauge traded around 7,770 on Monday.
Corporate Highlights:
Meta Platforms Inc.’s new AI agent, Muse, has quickly risen to the top of mobile app charts, a sign that the social-media company is gaining traction in the increasingly crowded market for consumer AI assistants. Alphabet Inc.’s Google announced pricing and hardware specifications for the first so-called Googlebooks, marking a push into a high-end laptop market where built-in AI features have become the norm. OpenAI is urging the US to lead an effort with other countries to set standards for cutting-edge artificial intelligence, in response to mounting concerns about the potential harms of the technology. Paramount Skydance Corp. has settled lawsuits brought by 12 state attorneys general and the Writers Guild trade union, a move that will allow the company to close its historic $110 billion acquisition of Warner Bros. Discovery Inc. AMC Entertainment Holdings Inc. is seeking to raise almost $4 billion of debt to overhaul much of its capital structure, seizing on a box-office recovery to lure investors. What Bloomberg strategists say…
“Stocks’ resilience in the face of mounting headwinds stems from a robust earnings outlook underpinned by solid economic momentum.”
—Tatiana Darie, Macro Strategist, Markets Live. For the full analysis, click here.
Some of the main moves in markets:
Stocks
The S&P 500 rose 1.6% as of 3 p.m. New York time The Nasdaq 100 rose 2.8% The Dow Jones Industrial Average rose 0.8% The MSCI World Index rose 1.4% Currencies
The Bloomberg Dollar Spot Index rose 0.1% The euro fell 0.2% to $1.1465 The British pound fell 0.2% to $1.3368 The Japanese yen fell 0.4% to 157.45 per dollar Cryptocurrencies
Bitcoin rose 6.1% to $86,048.45 Ether rose 4.6% to $2,755.18 Bonds
The yield on 10-year Treasuries declined three basis points to 4.96% Germany’s 10-year yield declined six basis points to 3.46% Britain’s 10-year yield declined eight basis points to 5.21% Commodities
West Texas Intermediate crude fell 4.3% to $95.94 a barrel Spot gold fell 0.7% to $4,348.25 an ounce ©2026 Bloomberg L.P.
