Nvidia and Microsoft Lift Stocks, Bull Market Reportedly Still Intact
The US stock market is considered to have overreacted to the Iran conflict, creating an opportunity for investors to enter as the S&P 500 index approaches its 2026 low. Jeff Kilburg, CEO of KKM Financial, said the futures market "overreacted" to the conflict and suggested the situation actually created a buying opportunity. He even wrote on Sunday night that the market would turn green before Monday's close.
According to Kilburg, the market's overall trend remains bullish despite rising geopolitical tensions. "We're still in a bull market," he said, emphasizing that the escalation of the conflict has not automatically changed the underlying trend structure of the stock market.
At the stock level, gains in technology companies helped mitigate pressure. Nvidia shares rose nearly 3%, while Microsoft gained more than 1%. However, this gain was uneven: only four of the 11 sectors in the S&P 500 were in positive territory: energy, industrials, technology, and real estate.
Geopolitical uncertainty remains a key driver of market movements, following the joint US-Israeli attack that killed Iran's Supreme Leader, Ayatollah Ali Khamenei. The incident is seen as a pivotal moment for the Islamic Republic of Iran and one of the most defining episodes since 1979.
Source: Newsmaker.id
