US Stocks Rebound on Iran De-escalation as Tech and Defense Sectors Lead Gains

Key Facts

US stock indices staged a significant recovery during the trading session, reversing earlier declines after public comments from President Trump regarding the situation with Iran. The market's rebound suggests that investors perceived the remarks as a move toward de-escalation, restoring confidence and sparking a 'risk-on' sentiment. Major tech giants led the charge, with Microsoft rising 1.77%, Meta gaining 1.3%, and Apple edging up 0.58%. Interestingly, the aerospace and defense sector also saw a sharp surge, as RTX jumped 4.5% and Lockheed Martin climbed 2.6%. While major ETFs like SPY and QQQ bounced back, safe-haven assets such as XAU/USD and oil prices represented by USO saw their risk premiums diminish. This recovery underscores the market's sensitivity to geopolitical shifts and the varied impact across different industry sectors.