US close: Stocks higher as Iran reportedly reaches out to Trump

By Iain Gilbert

Date: Monday 16 Jun 2025

(Sharecast News) - Major indices were in the green at the close of trading on Monday amid optimism surrounding the conflict between Israel and Iran.
At the close, the Dow Jones Industrial Average was up 0.75% at 42,515.09, while the S&P 500 advanced 0.94% to 6,033.11 and the Nasdaq Composite saw out the session 1.52% firmer at 19,701.21.

The Dow closed 317.30 points higher on Monday, taking a bite out of losses recorded in the previous session after Israel's strike on Iran, which retaliated by launching missiles at Israel.

Market participants continued to focus on developments in the Middle East as attacks continued for a fourth day, with the two nations targeting each other's energy facilities.

Iran said it was mulling over the idea of shutting down the Strait of Hormuz, a key route for the global oil market. However, it reportedly asked several countries, including Saudi Arabia, to urge Donald Trump to put pressure on Israel for an immediate ceasefire, according to NBC News.

While oil prices initially surged following the outbreak of the conflict, benchmark Brent crude was down 1.67% at $72.99 per barrel at the close, while West Texas Intermediate slipped 2.03% to $71.50 a barrel.

On Monday's macro slate, the New York Empire State manufacturing index fell to -16 points in June, according to the Federal Reserve Bank of New York, down from -9.20 points in May. June's reading came in well below expectations of a modest improvement to -5.5, pointing to a continued decline in business activity across New York State. It also marked the weakest reading since March's two-year low of -20.te manufacturing index will be published at 1330 BST.

No major corporate earnings were released on Monday.





















Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Goldman Sachs Group Inc. (GS) $627.85 2.33%
Nike Inc. (NKE) $61.90 2.26%
Dow Chemical Co. (DOW) $30.57 2.24%
American Express Co. (AXP) $293.90 2.23%
Salesforce.Com Inc. (CRM) $263.83 2.12%
JP Morgan Chase & Co. (JPM) $270.36 2.04%
3M Co. (MMM) $145.07 1.93%
International Business Machines Corporation (CDI) (IBM) $281.83 1.66%
Cisco Systems Inc. (CSCO) $65.51 1.59%
Caterpillar Inc. (CAT) $361.98 1.51%

Dow Jones - Fallers

Unitedhealth Group Inc. (UNH) $307.66 -1.87%
McDonald's Corp. (MCD) $296.29 -1.86%
Johnson & Johnson (JNJ) $155.22 -1.20%
Verizon Communications Inc. (VZ) $42.50 -1.19%
Merck & Co. Inc. (MRK) $80.96 -0.92%
Coca-Cola Co. (KO) $70.46 -0.70%
Amgen Inc. (AMGN) $295.56 -0.62%
Home Depot Inc. (HD) $353.56 -0.31%
Walmart Inc. (WMT) $94.29 -0.16%
Dowdupont Inc. (DWDP) $0.00 0.00%

S&P 500 - Risers

Estee Lauder Co. Inc. (EL) $74.59 10.82%
Nektar Therapeutics (NKTR) $9.25 10.25%
Kohls Corp. (KSS) $8.93 9.98%
Advanced Micro Devices Inc. (AMD) $126.39 9.00%
MGM Resorts International (MGM) $34.30 8.10%
VF Corp. (VFC) $12.41 7.08%
Tapestry Inc. (TPR) $84.17 6.78%
Coty Inc. Class A (COTY) $5.04 6.77%
Carnival Corp. (CCL) $23.82 6.38%
Macy's Inc. (M) $11.88 5.69%

S&P 500 - Fallers

Charter Communications Inc. (CHTR) $375.31 -4.81%
Lockheed Martin Corp. (LMT) $467.06 -3.99%
Northrop Grumman Corp. (NOC) $497.52 -3.72%
L3Harris Technologies Inc. (LHX) $247.77 -3.59%
O'Reilly Automotive Inc. (ORLY) $88.12 -3.47%
Kraft Heinz Co. (KHC) $25.79 -3.28%
Expedia Group Inc. (EXPE) $164.61 -2.41%
Occidental Petroleum Corp. (OXY) $45.33 -2.41%
Copart Inc. (CPRT) $48.39 -2.38%
Ross Stores Inc. (ROST) $131.15 -2.32%

Nasdaq 100 - Risers

Wynn Resorts Ltd. (WYNN) $88.60 4.59%
American Airlines Group (AAL) $10.90 4.31%
Seagate Technology Plc (STX) $131.04 3.93%
Lam Research Corp. (LRCX) $93.41 3.75%
Mercadolibre Inc. (MELI) $2,454.76 3.73%
Tesla Inc (TSLA) $329.13 3.69%
Adobe Systems Inc. (ADBE) $401.73 3.65%
Western Digital Corp. (WDC) $57.41 3.64%
Incyte Corp. (INCY) $71.22 3.50%
Illumina Inc. (ILMN) $90.25 3.37%

Nasdaq 100 - Fallers

Charter Communications Inc. (CHTR) $375.31 -4.81%
O'Reilly Automotive Inc. (ORLY) $88.12 -3.47%
Kraft Heinz Co. (KHC) $25.79 -3.28%
Expedia Group Inc. (EXPE) $164.61 -2.41%
Ross Stores Inc. (ROST) $131.15 -2.32%
Vertex Pharmaceuticals Inc. (VRTX) $450.91 -1.90%
Paypal Holdings Inc (PYPL) $72.26 -1.85%
Biomarin Pharmaceutical Inc. (BMRN) $56.24 -1.80%
Costco Wholesale Corp. (COST) $984.36 -1.63%
Mondelez International Inc. (MDLZ) $67.21 -1.51%

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE