Wall Street raises high hopes for trade in Iran by Investing.com

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Investing.com – Shares rose on Monday, relieving traders and investors around the world.

What is not clear, is if Monday's recovery was just a rebound of Friday's wild crisis or something more significant.

It will take time to adjust. The increase of 1.1% thanks to late purchases. The 1% rise over the day, or 271 points, was up 312 points, or 1.2% just after the opening.

With many technology companies directly affected by the ongoing commercial struggle in the United States, the increase was 1.3%. And note that the index was up 1.47%, thanks to the late rally. Its leader was Jd.Com (NASDAQ :), up 3.4%. It is an online retailer in China.

Interest rates have risen modestly.

The catalyst for the rally was President Donald Trump. First, he said that China was willing to conclude a trade agreement and that he would be willing to meet with the Iranian president, if the conditions were met.

This was good news for the traders and algorithms that govern many markets. Twenty-eight of the 30 stocks were on the rise, with 88 stocks of Nasdaq-100. Leaders included Dow Inc. (NYSE :), Apple (NASDAQ :), Nike (NYSE 🙂 and Walt Disney (NYSE :). The last three have huge stakes in China.

Hasbro (NASDAQ 🙂 has jumped about 3% since many toys sold are made in China.

Amgen (NASDAQ 🙂 and Celgene (NASDAQ 🙂 were higher by more than 3%. Amgen will purchase Celgene's Otezla psoriasis for $ 13.5 billion in cash. And Celgene is about to merge with Bristol-Myers Squibb (NYSE 🙂 on a $ 74 billion deal.

After Closing, Johnson & Johnson (NYSE 🙂 was up more than 5.2% after a Oklahoma federal judge found the company responsible for the crisis that caused the opioid crisis in this state. He ordered the company to pay $ 572 million in damages in a case in which the state had asked pharmaceutical companies to pay up to $ 17 billion in damages. Two other companies settled amicably.

The yield went from 1.527% to Friday at 1.537%, but it is still down 42% this year.

Oil prices fell due to the possibility of a thaw in US-Iran relations. The gold was flat.

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