Wall Street Indices Rise Collectively on Monday

US indices opened higher on Monday, with the Nasdaq leading the gains among Wall Street indices.

The ongoing US-Iran war continues to negatively impact US indices, making caution crucial when trading them. Further losses are expected if the war continues and tensions escalate.

Indice Movement

The movements of the US indices were as follows:

The Dow Jones opened 0.82% higher and continued its upward trend, reaching $47,189.

After rebounding from its current support levels, the index is expected to continue its rise in the near term.

The Nasdaq opened 1.05% higher and continued its upward trajectory, reaching $24,757. The Nasdaq continues to trade sideways, and a near-term rally is expected.

The S&P 500 opened 0.85% higher, and the US index has continued its upward trend, reaching levels around $6727.

If today's candle closes higher, the index is expected to continue its near-term rise to test previously broken support levels.