🚀 US Stocks Rebound

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. U.S. stocks rebounded Monday as investors grew hopeful that the Israel-Iran conflict may remain contained, easing fears of a broader regional war. The Dow rose 317 points, the S&P 500 climbed nearly 1%, and the Nasdaq jumped 1.5%. Oil prices, which spiked after Israel’s airstrikes on Iran Friday, fell more than 1% amid reports that Iran is open to a ceasefire in exchange for progress on nuclear talks. Tehran has reportedly asked regional powers to urge President Trump to pressure Israel for de-escalation. While tensions remain high, markets took comfort in the potential for diplomacy, with safe-haven demand easing and tech stocks rallying. Weaker U.S. manufacturing data also reinforced expectations that the Fed will hold rates steady on Wednesday.

2. Purdue Pharma has secured support from attorneys general for a revised $7.4 billion opioid settlement, significantly boosting its bid to exit bankruptcy and resolve thousands of lawsuits over its role in the opioid crisis. The deal, announced Monday, includes $6.5 billion from the Sackler family and $900 million from Purdue itself. Once the Chapter 11 plan gains sufficient creditor approval, the funds will be distributed to individuals, governments, and tribes affected by the epidemic, while the Sacklers will relinquish control of the company. This latest proposal builds on a January settlement framework and follows the U.S. Supreme Court’s rejection last year of an earlier deal that would have shielded the Sacklers from future civil lawsuits. New York Attorney General Letitia James emphasized the public health impact, saying the funds would save lives and help communities recover from decades of devastation. While broad, the agreement notably excludes Oklahoma, which settled separately with Purdue in 2019. Since 1999, opioid overdoses have claimed over 850,000 lives in the U.S., though recent data shows some decline.

3. The Trump Organization has launched Trump Mobile, a new $47.45 per month phone plan bundled with telehealth perks and a gold-accented $499 “T1” smartphone, set to debut in September. Marketed under “The 47 Plan” — a nod to Trump’s current presidential term — the service is largely a licensing deal, not directly run by Trump or his affiliates. Though more expensive than comparable budget offerings from Verizon or Mint, Trump Mobile pitches patriotic branding, U.S.-based customer service, and standard Android 15 features. Critics warn of ethical concerns over Trump’s ongoing monetization of the presidency.

4. Headlines

   1. AMD shares jumped 10% as analysts expect that the company will be able to return to previous profitability by Q4 after facing over $800M in tariffs.

   2. Meta will introduce ads on WhatsApp.

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