Wall Street: Dow Jones Closes 300 Points Higher After Friday’s Sell-off

Stocks closed higher on Monday (June 16, 2025), recovering part of the ground lost on Friday (June 13, 2025) as investors grew optimistic that the conflict between Israel and Iran could remain limited. Reports indicated that Iran is seeking ways to achieve a ceasefire, boosting market sentiment alongside easing oil prices. The industrial index Dow Jones on Wall Street rose by 317.30 points, or 0.75%, closing at 42,515.09 points. The S&P 500 gained 0.94% to close at 6,033.11 points, while the Nasdaq Composite climbed 1.52% to finish at 19,701.21 points. Futures contracts for U.S. crude oil West Texas Intermediate (WTI) dropped over 1% to $71.77 per barrel after trading above $77 during overnight sessions. Tesla saw an increase of over 1%, Meta Platforms surged nearly 3% following news about ads coming to WhatsApp, and Palantir rose almost 3%. Meanwhile, yields on long-term U.S. Treasuries remained relatively weak despite a successful auction of $13 billion in 20-year bonds, marking an improvement from last month’s failed issuance. The 10-year yield slightly rose to 4.456%, and the 30-year moved to 4.958%. Traders are closely monitoring the Middle East following Israel’s strike on Iran on Friday.