Wall Street’s main stock indexes rose on Monday after a bruising sell-off in the previous session on the back of disappointing earnings from various companies. The rebound came as worries over the fallout from Iran’s attack on Israel eased, allowing investors to focus on earnings season and inflation risks to rate-cut.

Rebound from Sell-off

Following last week’s downturn, the stock market began the new week on a positive note as the Dow Jones Industrial Average, S&P 500, and Nasdaq all showed solid gains. This recovery comes as investors shook off concerns about the escalating conflict between Iran and Israel. Instead, attention turned towards the ongoing earnings season, which saw strong results from banking giant Goldman Sachs. This positive performance also reflects the resilience of the US economy, as economic data indicated continued economic growth. Speculation about potential rate cuts also contributed to the market’s rebound.

Summary:

Wall Street indexes rose after a sell-off caused by disappointing earnings.

Fears over Iran-Israel conflict eased, allowing focus on earnings season.

Dow Jones, S&P 500, and Nasdaq experienced solid gains.

Strong earnings from Goldman Sachs boosted market confidence.

Economic data showed economic resilience and speculation of rate cuts.

Citations:
“Wall Street’s main indexes opened higher on Monday after a bruising sell-off in the previous session on the back of disappointing earnings from…” (Reuters)
“US stocks rose Monday, recovering from last week’s steep losses, helped by strong earnings from banking giant Goldman Sachs…” (Investing.com)