U.S. Stocks Gain Amid Geopolitical Tensions; Crypto Market Watch
U.S. equities edged higher as markets shrugged off Iran's retaliatory strike on a U.S. base in Qatar, which resulted in no casualties. The Dow Jones climbed 270 points (39.98%), while the S&P 500 and Nasdaq Composite ROSE 0.69% and 0.78%, respectively. Growth stocks led the tech-heavy Nasdaq, while oil prices fell 5%.
Geopolitical risks remain elevated after U.S. strikes on Iranian nuclear facilities. Though oil prices showed limited reaction, traders remain wary of potential supply disruptions, including the strategic Strait of Hormuz. President Trump's threats of regime change in Iran added to the uncertainty.
The muted market response suggests investors are betting against a full-scale conflict. However, the situation remains fluid, with implications for global risk assets—including cryptocurrencies, which often exhibit sensitivity to macroeconomic tensions.