SPX Logs 4-Straight Despite Murky U.S.-Iran Picture

Stocks clung to gains on Monday, as investors continued to hope for a deal to end the war between the U.S. and Iran, despite both countries rejecting a ceasefire proposal. This comes after President Donald Trump threatened to strike Iran's power plants and bridges if the country doesn't reopen the Strait of Hormuz by Tuesday at 8 p.m. E.T. All three major indexes settled higher despite the threats and climbing oil prices, with the S&P 500 and Nasdaq notching fourth-straight gains. The Cboe Volatility Index (VIX) settled higher as well, marking its first gain in five sessions. 

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5 Things to Know Today

1. JPMorgan Chase (JPM) CEO Jamie Dimon cited geopolitical, AI, and private market risks in in his annual letter to shareholders. (CNBC)
2. NASA’s Artemis II astronauts reached over 248,655 miles from Earth -- the longest distance in history -- surpassing the Apollo 13 mission. (The Wall Street Journal)
3. Bears circle UiPath stock amid recent struggles.
4. Goldman Sachs says it's time to buy Netflix stock.
5. Why this retail stock could leave put traders reeling. 

There were no earnings of note today.

Oil, Gold Prices Rise Slightly

Oil prices edged higher on Monday after the U.S.-Iran ceasefire proposal failed, with President Trump's deadline for a deal to end the war approaching quickly. Front-month May-dated West Texas Intermediate (WTI) added 0.8% to finish at $112.54 per barrel.

Gold prices settled near breakeven as traders continued to weigh the latest geopolitical developments. April-dated gold rose 0.1% to finish at $4,684.70 an ounce for the day.