Dow Jones leads markets higher as Trump says Iran talks 'serious'

“At this constituent it is intolerable to cognize whether the negotiations betwixt the US and Iran are really occurring successful immoderate mode oregon are simply figments of Trump’s imagination," IG's Chris Beauchamp commented Monday.

"At immoderate rate, the marketplace interaction of his interventions gets weaker, arsenic we saw today. The little bounce successful stocks has rapidly fizzled retired – until investors are treated to the show of elder US officials physically getting connected a level to Pakistan to negotiate, investors volition go much sceptical.”

Shares of US aluminum producers surged connected Monday pursuing rocket strikes by Iran connected captious aluminum infrastructure successful the Middle East, sparking concerns implicit planetary supply.

Alcoa (NYSE:AA) rose 11.5% successful aboriginal trading, portion Century Aluminium (NASDAQ:CENX) gained astir 9%, arsenic investors reacted to reports that Iranian attacks damaged large Gulf smelters, including Emirates Global Aluminium and Aluminium Bahrain.

The London Metal Exchange aluminum benchmark jumped 5% to astir $3,492 per ton, approaching a four-year high.

Other US producers besides saw gains, with Kaiser Aluminium (NASDAQ:KALU) up 3.4% and Constellium (NYSE:CSTM) rising astir 4%.

Wall Street is heading into a holiday-shortened week with a dense premix of economical data, cardinal slope commentary and geopolitical tension.

US equities volition beryllium closed Friday for Good Friday, but the March nonfarm payrolls study volition inactive beryllium released, mounting up an antithetic extremity to the trading week.

Economists are expecting astir 56,000 jobs to person been added, with the unemployment complaint hovering adjacent 4.4% to 4.5%.

In the lead-up to Friday’s report, investors volition parse a dependable travel of economical releases, including user confidence, JOLTS occupation openings, retail sales, ADP employment information and play jobless claims, for clues connected the spot of the US economy.

Retail income information owed Tuesday volition beryllium peculiarly important.

On the firm front, Nike headlines net connected Tuesday, with investors watching intimately for commentary connected China request and planetary user trends. Additional reports from Conagra Brands, Lamb Weston and Cal-Maine Foods are expected to connection further penetration into user spending patterns.

US stocks started higher, but person flattened off, with the tech-heavy Nasdaq present a fistful of points successful the red.

The Dow Jones is up 0.4% astatine supra 45,350, portion the S&P 500 has added 0.2%.