US open: Stocks higher as investors shrug off Middle East conflict
By Iain Gilbert
Date: Monday 16 Jun 2025
(Sharecast News) - Major indices were in the green early on Monday despite the escalating conflict between Israel and Iran.
As of 1445 BST, the Dow Jones Industrial Average was up 0.69% at 42,489.42, while the S&P 500 advanced 0.73% to 6,020.56 and the Nasdaq Composite came out of the gate 0.88% firmer at 19,577.72.
The Dow opened 291.63 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 others' 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. While oil prices initially surged following the news, benchmark Brent crude futures were down 1.27% at $73.29 per barrel as of 1440 BST, while West Texas Intermediate futures slipped 1.42% to $71.94 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 scheduled for release on Monday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
International Business Machines Corporation (CDI) (IBM) $277.22 0.00%
Verizon Communications Inc. (VZ) $43.01 0.00%
Procter & Gamble Co. (PG) $160.28 0.00%
Dow Chemical Co. (DOW) $29.90 0.00%
3M Co. (MMM) $142.32 0.00%
Coca-Cola Co. (KO) $71.02 0.00%
Amgen Inc. (AMGN) $295.22 0.00%
JP Morgan Chase & Co. (JPM) $264.95 0.00%
American Express Co. (AXP) $287.79 0.00%
Walmart Inc. (WMT) $94.44 0.00%
Dow Jones - Fallers
American Express Co. (AXP) $287.79 0.00%
Cisco Systems Inc. (CSCO) $64.09 0.00%
Merck & Co. Inc. (MRK) $81.71 0.00%
Caterpillar Inc. (CAT) $357.05 0.00%
Procter & Gamble Co. (PG) $160.28 0.00%
Dow Chemical Co. (DOW) $29.90 0.00%
Visa Inc. (V) $352.85 0.00%
Unitedhealth Group Inc. (UNH) $313.53 0.00%
Home Depot Inc. (HD) $354.66 0.00%
JP Morgan Chase & Co. (JPM) $264.95 0.00%
S&P 500 - Risers
Westrock Company (WRK) $51.51 0.00%
Perrigo Company plc (PRGO) $26.65 0.00%
Zimmer Biomet Holdings Inc (ZBH) $91.28 0.00%
Adobe Systems Inc. (ADBE) $391.68 0.00%
International Business Machines Corporation (CDI) (IBM) $277.22 0.00%
Occidental Petroleum Corp. (OXY) $46.45 0.00%
Atmos Energy Corp. (ATO) $152.99 0.00%
Rollins Inc. (ROL) $56.88 0.00%
Comerica Inc. (CMA) $54.99 0.00%
Discover Financial Services (DFS) $200.05 0.00%
S&P 500 - Fallers
Dollar General Corp (DG) $111.68 0.00%
PNC Financial Services Group (PNC) $173.37 0.00%
Borg Warner Inc. (BWA) $33.07 0.00%
Ameriprise Financial Inc. (AMP) $501.68 0.00%
Cintas Corp. (CTAS) $221.98 0.00%
Kimco Realty Corp. (KIM) $20.83 0.00%
Take-Two Interactive Software Inc. (TTWO) $230.23 0.00%
VF Corp. (VFC) $11.59 0.00%
Gartner Inc. (IT) $404.97 0.00%
Danaher Corp. (DHR) $200.67 0.00%
Nasdaq 100 - Risers
Verisk Analytics Inc. (VRSK) $310.41 0.00%
Autodesk Inc. (ADSK) $292.16 0.00%
Lam Research Corp. (LRCX) $89.52 0.00%
Expedia Group Inc. (EXPE) $165.63 0.00%
Vodafone Group Plc ADS (VOD) $9.98 0.00%
PACCAR Inc. (PCAR) $91.88 0.00%
Qvc Group Inc Series A (QVCGA) $3.14 0.00%
Amazon.Com Inc. (AMZN) $212.10 0.00%
Idexx Laboratories Inc. (IDXX) $522.70 0.00%
Intuitive Surgical Inc. (ISRG) $512.18 0.00%
Nasdaq 100 - Fallers
Charter Communications Inc. (CHTR) $388.72 0.00%
Celgene Corp. (CELG) $0.00 0.00%
Microsoft Corp. (MSFT) $474.96 0.00%
Liberty Global plc Series C (LBTYK) $9.99 0.00%
Activision Blizzard Inc. (ATVI) $94.42 0.00%
Booking Holdings Inc. (BKNG) $5,298.38 0.00%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $459.17 0.00%
Apple Inc. (AAPL) $196.45 0.00%
Intel Corp. (INTC) $20.14 0.00%
Skyworks Solutions Inc. (SWKS) $71.25 0.00%
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