| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 42,197.79 | -769.83 | -1.79% |
| S&P 500 | 5,976.97 | -68.29 | -1.13% |
| Nasdaq | 19,406.83 | -255.66 | -1.30% |
| VIX | 20.18 | -0.64 | -3.07% |
| Gold | 3,431.60 | -21.2 | -0.61% |
| Oil | 72.44 | -0.54 | -0.74% |
OVERVIEW OF THE US MARKET
Stocks rebounded from a bruising Friday and oil prices fell, with investors growing optimistic about a quick de-escalation in the Israel-Iran conflict.
The Dow Jones Industrial Average gained 317 points, or 0.8%. The S&P 500 rose 0.9%, and the Nasdaq Composite advanced 1.5%.
Oil prices dropped sharply in morning trading after The Wall Street Journal reported that Iran has been urgently signaling that it seeks an end to hostilities and a resumption of talks over its nuclear programs.
Brent crude shed 1.3% to $73.23 a barrel. The U.S. oil gauge, West Texas Intermediate crude futures, fell back below $72 a barrel, after surging Friday and rising during the weekend.
Traditional safe-haven assets such as gold fell, while the U.S. dollar pared losses. Gold prices lost 1% to $3,396.40 a troy ounce, after settling Friday at a record. The Cboe Volatility Index—known as the VIX, or Wall Street’s fear gauge—fell 8%.
Trump is joining the leaders of G-7 countries, plus others, at the summit. Nations including Japan, Canada and Mexico hope face time with Trump will help them persuade the president to lower at least some of his tariffs.
Before tensions in the Middle East had ratcheted up, US stock funds suffered the biggest outflows in almost three months, according to data published by Bank of America Corp.
About $9.8 billion was redeemed from US stocks in the week through Wednesday, the most in 11 weeks, according to EPFR Global data cited by the bank. Even European funds, which have been popular with investors this year, suffered their first outflows in nine weeks at $600 million.
OVERVIEW OF THE AUSTRALIAN MARKET
The ASX barely moved today. The S&P/ASX 200 closed just +1 point higher at 8,548.4—flat, but steady amid global tension.
You know what stole the spotlight? Santos Ltd (STO). It surged to $7.72, up $0.76 or a massive +10.92%!
Why? A $30 billion takeover deal got the green light—Abu Dhabi-backed consortium + Carlyle. Energy stocks stole the show, surging +5.4%, fueled by oil prices hitting 3-month highs after Israel’s airstrikes on Iran. Also flying high – Paladin up 15.7%, as uranium demand glows brighter.
But not everything glittered—gold stocks slipped. Northern Star and Evolution got hit after UBS downgrades, even with gold prices staying near record highs. Banks stayed quiet—mostly flat. Westpac dipped, NAB edged up.
Tech climbed 0.9%, riding Nasdaq futures strength. And yes, the Aussie dollar? Back to 65.06 US cents. Steady under pressure.