US Stocks Rise on Iran Talks and Amazon Deal
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- U.S. and Iran delegations could resume talks in Pakistan this week, according to Reuters sources, signaling a possible diplomatic off‑ramp to the war.
- Donald Trump said Iran wanted to make a deal, reinforcing the diplomatic optimism.
- Dow Jones Industrial Average rose 227.05 points (0.47%) to 48,445.30, while the S&P 500 and Nasdaq Composite also posted gains of 0.47% and 0.84% respectively, reflecting market rally.
- BlackRock shares jumped 4.2% after reporting higher Q1 profit boosted by strong ETF inflows and performance fees.
- Amazon agreed to buy Globalstar for $11.57 billion, sending Globalstar stock up 9%.
- United Airlines rose 1% after its CEO Scott Kirby pitched a potential merger with American Airlines to Trump in February.
- Nasdaq 100 set for a 10‑day winning streak, its longest since 2021, as information‑technology stocks led gains across all three indexes.
Why it matters: Investors gained confidence from the prospect of diplomatic talks and strong corporate earnings, lifting major indices and tech stocks, while banks like Wells Fargo lost ground on missed interest‑income expectations, highlighting a split between macro‑optimism and sector‑specific earnings pressure in the market.
