"U.S. Stocks" Iran retaliates against U.S. attack, oil prices drop 8%, Dow Jones closes up 374 points

The United States intervened in Israel's war against Iran over the weekend, with President Trump posting on Truth Social urging everyone to keep oil prices low. However, Iran's attack on the U.S. military base in Qatar on Monday did not result in casualties, causing oil prices to drop over 8%. U.S. stocks were volatile on Monday, briefly turning negative before rallying to close higher. The Dow Jones Industrial Average closed up 374 points or 0.9%, at 42,581 points; the S&P 500 index rose 57 points or 1%, closing at 6,025 points; and the Nasdaq increased by 183 points or 0.9%, closing at 19,630 points.

Tesla (TSLA.US) launched its autonomous taxi service Robotaxi in Texas, with its stock price rising by 8.2%.

Danish pharmaceutical company Novo Nordisk (NVO.US) accused the U.S. telemedicine platform Hims & Hers (HIMS.US) of selling and promoting counterfeit weight loss drug Wegovy, deciding to terminate their partnership. Hims & Hers' stock price plummeted by 34%, while Novo Nordisk fell by 5.5%. (me/)