U.S. stocks are poised to break a six-day losing streak, marking the end of the longest downward trend since September 2022.
Easing geopolitical tensions in the Middle East bolstered market sentiment but exerted downward pressure on key global commodities.
Gold plunged 2.5% to $2,330 per ounce, marking its most significant single-day decline since June 2022, while silver tumbled 5%, poised for its worst daily performance since last October.
Oil prices were broadly steady, erasing early session losses, with the West Texas Intermediate (WTI) light crude trading at $82 a barrel.
Treasury yields saw no movements, amid lack of rate-sensitive data.
Positive risk sentiment aided Bitcoin (CRYPTO: BTC), with the largest cryptocurrency rising above $66,000, on track for its highest close in more than a week.
Monday’s Performance In Major U.S. Indices, ETFs
Small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), soared 1.2%.
Monday’s Stock Movers
Read Now: S&P 500 Trades At Two-Month Low: Where Is The Next Support?
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