U.S Stocks Extend Gains as Markets Look Past U.S.–Iran Tensions

U.S. stock markets continued to move higher, extending gains after the volatility triggered by the failed U.S.–Iran peace talks in the previous session. The breakdown in negotiations, followed by the U.S. naval blockade targeting Iranian ports, initially drove risk-off sentiment across markets. However, the reaction was short-lived. Markets quickly stabilized as traders reassessed the situation and began pricing in the possibility that tensions may not escalate further in the near term, while the temporary ceasefire remains in place.

As a result, equities maintained their upward momentum into today’s session, with sentiment shifting back toward a risk-on environment despite ongoing geopolitical uncertainty. The Dow Jones Industrial Average gained 0.70%, while the S&P 500 advanced 1.12%. The Nasdaq outperformed with a rise of 1.83%.

Dow Jones Industrial Average (INDU)

The Dow Jones Industrial Average continues to extend its upward movement, printing a new higher high and maintaining strong bullish momentum. Price is now approaching a key confluence area near the rising trend line and the 61.8% Fibonacci retracement level. This zone will act as the next decision point for the index. A sustained breakout above this area could confirm further upside continuation, while a rejection may lead to a short-term pullback before the next move.

Verizon Communications Inc. (VZ)

Verizon (VZ) remains in a corrective phase, with price stabilizing near the EMA 200 and a previously broken swing high. This area continues to act as a key support zone. The stock may consolidate around current levels to build a base. If support holds, there is potential for the broader bullish trend to resume. Traders will wait for confirmation from price action before considering long positions, as a breakdown below this zone could lead to further downside.