Major U.S. stock indices closed with gains on Monday. Brent crude oil briefly dipped below $100 per barrel, while WTI crude retreated below $95. Former U.S. President Donald Trump commented that the ongoing war would conclude soon, though not within the current week.

In U.S. markets, the Dow Jones Industrial Average advanced by 387.94 points, or 0.83%, closing at 46,946.41. The Nasdaq Composite rose by 268.82 points, or 1.22%, to finish at 22,374.18. The S&P 500 increased by 67.19 points, or 1.01%, settling at 6,699.38. Technology stocks broadly climbed, with Micron Technology gaining over 3.68%, SanDisk rising 6.35%, NVIDIA advancing 1.65%, Tesla increasing 1.11%, and Lyft Inc. adding 3.67%. Lyft, which saw a near 3% rise in after-hours trading, announced plans to utilize NVIDIA's artificial intelligence technology to enhance its global machine learning systems.

European markets also finished higher. Germany's DAX 30 index gained 128.43 points, or 0.55%, to close at 23,564.72. The UK's FTSE 100 rose by 61.39 points, or 0.60%, ending at 10,322.54. France's CAC 40 added 24.44 points, or 0.31%, settling at 7,935.97. The Euro Stoxx 50 increased by 25.74 points, or 0.45%, to 5,742.35. Spain's IBEX 35 advanced by 33.20 points, or 0.19%, closing at 17,092.50. Italy's FTSE MIB edged up by 20.58 points, or 0.05%, finishing at 44,337.50.

In Asian markets, Japan's Nikkei 225 declined by 0.13%, while South Korea's KOSPI index rose by 1.14%. Indonesia's Jakarta Composite Index fell by 1.61%.

Cryptocurrencies posted gains, with Bitcoin rising over 2% to $74,282.25 and Ethereum climbing over 7% to $2,351.

Brent crude oil settled above $100 per barrel for the third consecutive trading day, marking its longest such streak since August 2022. Investors weighed signs of ample short-term supply against escalating military threats to energy infrastructure in the Middle East. At the close on the 16th, the price for NYMEX April WTI crude fell by $5.21 to settle at $93.50 per barrel, a drop of 5.28%. May Brent crude declined by $2.93 to settle at $100.21 per barrel, a decrease of 2.84%.

The U.S. Dollar Index, which measures the dollar against a basket of six major currencies, fell by 0.65% to close at 99.705. By the end of New York forex trading, one euro traded at $1.1521, up from $1.1440 the previous session. One pound sterling traded at $1.3333, up from $1.3245. One U.S. dollar bought 158.95 Japanese yen, down from 159.61, and traded at 0.7867 Swiss francs, down from 0.7899. It also exchanged for 1.3670 Canadian dollars, down from 1.3734, and 9.3263 Swedish krona, down from 9.4467.

Precious metals extended recent losses, with spot gold falling 0.25% to settle at $5,006.46 per ounce. Spot silver settled at $80.781 per ounce.

In macroeconomic developments, the Trump administration has asked a judge to reconsider a ruling that effectively halted a criminal investigation into Federal Reserve Chair Jerome Powell. Court documents revealed the administration's request, arguing that the judge applied an incorrect legal standard and made errors on significant factual matters.

Cboe Global Markets has submitted a proposal to extend trading hours on its EDGX exchange for stocks and options. The plan aims to allow trading of all NMS stocks from 9 PM ET Sunday to 8 PM ET Friday, with a one-hour operational pause scheduled between 8 PM and 9 PM ET from Monday to Thursday.

The U.S. Securities and Exchange Commission is reportedly preparing a proposal that could eliminate the mandatory requirement for publicly traded companies to report earnings quarterly, potentially allowing for semi-annual disclosures instead. The proposal could be released as early as next month.

In corporate news, NVIDIA's CEO Jensen Huang raised the company's revenue forecast, projecting that its Blackwell and Rubin chips will generate at least $1 trillion in revenue by the end of 2027, an increase from a prior forecast of $500 billion by the end of 2026.

AI cloud computing firm Nebius announced a partnership with NVIDIA to accelerate the development of physical AI through an end-to-end platform designed for the entire robot lifecycle, from simulation and training to large-scale real-world deployment.

Regarding analyst ratings, RBC Capital Markets raised its price target for Micron Technology from $425 to $525.