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Major stock indexes finished higher Monday, quickly shaking off pressure from rising oil prices that were linked to President Donald Trump’s rejection of Iran’s peace proposal. The indexes, however, retreated from intraday highs as trading progressed.
Rising oil prices had weighed on markets earlier in the session, but the broader advance held through to the close. The move suggested investors were able to absorb the initial impact of the oil-related development tied to Trump’s stance on Iran.
Market advances were powered by a surge in chip stocks, supporting the broader upward trend even as some indexes gave back earlier gains.
The stock market’s momentum faces a potential test this week, with Trump scheduled to meet with China’s President Xi Jinping. The outcome of that meeting is expected to be closely watched by investors given its potential implications for trade and market sentiment.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
