Dow, S&P 500 and Nasdaq set for opening gains after Friday's 770-point blue-chip fall; Oil extends gain as gold slips. Follow along to the action on Monday aft

US stock market jumps as Dow rallies 500 points as investors grow hopeful that the Israel-Iran conflict may stay contained. After a tense weekend of strikes and retaliation, a Wall Street Journal report hinted that Iran may be open to talks if the U.

NASDAQ gained ground amid rising demand for riskier assets. Traders bet that Israel – Iran conflict will not escalate further, and that oil export infrastructure would stay safe. In this scenario, oil prices will not rally, and Fed will not be forced to raise rates in order to fight inflation. Such a scenario is bullish for NASDAQ index.

The stock's rise snapped a three-day losing streak.

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U.S. stocks appear set for a positive opening on Monday as the ongoing Israel-Iran conflict spared crude oil capacity over the weekend, resulting in oil prices simmering down. Crude oil prices surged by nearly 13% on Friday as Israel and Iran broadened their strikes.

Stocks were posting sharp gains in morning trade Monday, with major indexes on track for their biggest daily gains of June so far. The Dow was up 491 points, or 1.2%, while the S&P 500 also gained 1.2% and the Nasdaq Composite jumped 1.