U.S. Stocks Open Higher on Monday; Crypto Stocks Jump

Tiger Newspress

16 Jun

US stocks rebounded on Monday as investors were optimistic that the conflict between Israel and Iran may remain contained. The spike in oil prices due to the escalating conflict also eased.

The Dow Jones Industrial Average rose 248 points, or about 0.6%. The S&P 500 advanced 0.7%, while the Nasdaq Composite surged almost 1%.

Crypto stocks shined as Bitcoin briefly topped $107,000. SharpLink Gaming rose 18%; Circle rose 10%; Coinbase, Riot Platforms, and MARA Holdings rose 2%; Strategy rose 1%.

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The spike in oil prices due to the escalating conflict also eased.</p><p style=\"text-align: start;\">The Dow Jones Industrial Average rose 248 points, or about 0.6%. 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