This content was published on
July 27, 2026 - 15:48
4 minutes
(Bloomberg) — Stocks climbed around the world, joining gains in bonds as oil fell on hopes the US and Iran will restore their diplomatic efforts after tensions in the Middle East eased.The revival in risk appetite sent the S&P 500 higher, with the gauge also buoyed by solid corporate earnings. Tech shares led the way ahead of results from a handful of megacaps, though chipmakers whipsawed. Brent crude dropped to around $91, easing inflation concerns. Treasury yields slipped as bets on rate hikes receded in the countdown to the Federal Reserve decision.Wall Street is finding some respite as the US and Iran held off on attacks for a third straight night. President Donald Trump is giving diplomacy “some space,” Mike Waltz, Washington’s ambassador to the United Nations, said on Sunday. Talks are “ongoing” between the sides on a technical basis and at the leadership level, he added.“Investors responded positively to the sharp drop in the price of crude oil,” said David Morrison at Trade Nation. “Investors are hoping that this could be a precursor to a resumption in peace talks.”The conflict, completing its fifth month, has stoked concerns of an inflationary shock that had recently rekindled wagers on higher rates this year. While some officials have suggested the Fed can be patient for now, they’ve also said the central bank may need to hike in upcoming meetings if price pressures don’t abate.Corporate Highlights:The cost of protecting Nvidia Corp.’s debt against default surged by the most on record on Monday after reports that the chipmaker is in conversations on more than $750 billion of artificial intelligence infrastructure deals, stoking fears that the company is taking on even more obligations. ASML Holding NV sank after The Information reported that a Chinese state-backed company has begun manufacturing immersion deep ultraviolet lithography machines. CXMT Corp. surged 466% in its Shanghai trading debut to become China’s largest onshore-listed company, as investors piled into one of the country’s biggest artificial-intelligence champions. Philip Morris International Inc. is doubling investment in its Colorado Zyn manufacturing plant to shore up supply for the popular nicotine pouches that have come under threat from increased competition. Jack Daniel’s owner Brown-Forman Corp. said its board of directors rejected an unsolicited takeover offer from Sazerac Co., which asked the company to reconsider the $15 billion bid that was rebuffed earlier this year. Argenx SE agreed to buy Forte Biosciences Inc. for about $2.2 billion in cash to expand its portfolio of immunology medicines. Some of the main moves in markets:StocksThe S&P 500 rose 0.6% as of 9:44 a.m. New York time The Nasdaq 100 rose 0.6% The Dow Jones Industrial Average rose 1.1% The Stoxx Europe 600 rose 0.5% The MSCI World Index rose 0.7% CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1380 The British pound was little changed at $1.3317 The Japanese yen was little changed at 163.70 per dollar CryptocurrenciesBitcoin rose 1.5% to $65,596.59 Ether rose 3.2% to $1,973.76 BondsThe yield on 10-year Treasuries declined three basis points to 4.64% Germany’s 10-year yield declined four basis points to 3.13% Britain’s 10-year yield declined five basis points to 4.98% CommoditiesWest Texas Intermediate crude fell 6% to $83.91 a barrel Spot gold rose 0.8% to $4,087.03 an ounce ©2026 Bloomberg L.P.
