Stocks Rise Early on Hopes for End to Iran War

By Joe Mazzola

(Tuesday market open) Stocks looked poised to start the holiday-shortened week with solid gains, as chip stocks rose in early trade, after the U.S. and Iran reportedly agreed to the broad outlines of a peace deal, though limited U.S. strikes and Iranian threats of retaliation muddled the outlook a bit. The latest reading on U.S. consumer confidence is due at 10 a.m. ET.

Earnings season is winding down for the quarter, though Dell (DELL), Marvell Technology (MRVL), Salesforce (CRM), and several retailers will have their turns this week. Investors will also have reports to digest on home prices and consumer confidence. Arguably the week's biggest number is April's Personal Consumption Expenditures (PCE) reading, which is due Friday and will provide a key gauge into inflationary pressures for investors and, more notably, the Federal Reserve. Kevin Warsh was officially sworn in as the Fed's 17th chairperson on Friday.

Ahead of the holiday weekend, markets were in moderate rally mode, cementing another weekly gain as hopeful investors digested murmurs of a forthcoming resolution to the Iran war. The Dow tacked on almost 300 points to notch a new record-high close, while the S&P 500 chalked up another winning week—its eighth in a row. "I'm encouraged to see fresh all-time highs in both the S&P 500 Equal Weight and the Dow Jones Industrial Average, which are both bullish and indicate a healthy broadening of the rally," noted Nathan Peterson, director of derivatives research and strategy at the Schwab Center for Financial Research, or SCFR.

Continue Reading Here

Let’s talk

The best way to see if we’re a good fit is to have a conversation. Call, email, or fill out the form below to speak with one of our team members. We’ll get in touch as soon as possible.

Full Name

Email Address

Phone Number

By checking this box, I have opted into receiving updates, marketing, and informative messages via text from Horter. Messages will be recurring, message and data rates may apply and message frequencies will vary. Reply STOP at any time to unsubscribe or HELP for more information. Read our Privacy Policy here.

Your Message

We describe the Horter Investment Management platform by using the terms “Low Risk” and “Low Volatility” to emphasize the strategies employed by our money managers. However, notwithstanding the risk management strategies employed by these money managers, certain investment portfolios employed by our money managers present a greater degree of investment risk than others depending upon the performance of the underlying securities. We typically refer to these strategies as “Moderate Risk” and “Moderate Volatility”. Such performance can be impacted by a number of risk factors, including but not limited to (i) the level of price volatility (equity securities generally have greater price volatility than debt securities, (ii) changes in interest rates, and (iii) the ability of the manager to purchase or sell a security in a timely manner at desired prices.

Investment advisory services offered through Horter Investment Management, LLC, a SEC-Registered Investment Advisor. Horter Investment Management does not provide legal or tax advice. Investment Advisor Representatives of Horter Investment Management may only conduct business with residents of the states and jurisdictions in which they are properly registered or exempt from registration requirements. Insurance and annuity products are sold separately through Horter Financial Strategies, LLC. Securities transactions for Horter Investment Management clients are placed through AXOS Advisor Services, Charles Schwab & Co. and Nationwide Advisory Solutions.