The United States and Iran are reportedly discussing terms of a 45-day ceasefire agreement. Market expectations that tensions between the two countries may ease, coupled with a pullback in oil prices, improved investor sentiment, supporting US equities to trade steadily on Monday. The Nasdaq led gains, rising 117 points, or 0.5%, to close at 21,996. The S&P 500 gained 29 points, or 0.4%, to 6,611, marking its fourth consecutive day of advances. The DJIA added 165 points, or 0.4%, to 46,669.Amazon (AMZN.US) , Apple (AAPL.US) and Alphabet (GOOG.US) each rose more than 1%.Related NewsInflation Rate MoM for Mar in United States is 0.9%, higher than the previous value of 0.3%. The forecast was 0.9%.Memory chip stocks posted more notable gains. Seagate Technology (STX.US) climbed more than 5%, while Western Digital (WDC.US) and Micron (MU.US) each advanced 3%.Biopharmaceutical company Soleno Therapeutics (SLNO.US) surged over 32% for the day after Neurocrine Biosciences (NBIX.US) proposed to acquire the company in an all-cash deal at USD53 per share.(me/s)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)Related NewsDurable Goods Orders MoM for Feb in the United States is -1.4%, lower than the previous value of 0%. The forecast was -0.5%.
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