Stocks Settle Sharply Higher as Middle East Tensions Ease
β’ Major U.S. stock indices closed sharply higher on Monday, with the Nasdaq 100 rising 1.78%, the S&P 500 gaining 1.48%, and the Dow Jones Industrial Average increasing 1.32%. β’ The market rally was primarily driven by easing tensions in the Middle East and positive movement in September E-mini futures. β’ In corporate news, Supernus Pharmaceuticals (SUPN) saw its stock climb over 3% following the announcement of a tax-free all-stock merger of equals with Indivior Pharmaceuticals.
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