'Truce appears to be holding': US stocks resume gains

The main U.S. stock indices started the trading day on May 8 with growth: investors are reacting to the more positive than expected April employment report of the U.S. Department of Labor, as well as to the absence of negative news about the situation in the Ma. "Despite the exchange of blows the day before, the truce between the US and Iran appears to be holding," says Adama Crisafulli, founder of the analytical company Vital Knowledge.

Against this backdrop, America's broad index of stocks, the S&P 500, jumped 0.56% in the first minutes of trading (CNBC points out that it is heading for its sixth straight week of gains). The tech-heavy Nasdaq Composite rose more than 1%, reaching a new all-time peak of 26093.76 points. The Dow Jones blue-chip index added 0.16%.

Brent oil is trading around $100 per barrel, the same level it was at the previous day at the close of trading. American WTI costs $94.66 - losing a symbolic 0.16% against the previous day.

"U.S. stocks are rising in early trading as the [U.S.] truce with Iran appears to be holding despite Thursday's exchange of blows," Bloomberg quoted Adam Crisafulli, founder of analyst firm Vital Knowledge, as saying. An additional positive factor, according to him, was the decision of the US federal trade court, which recognized Donald Trump's 10% global duties as illegal.

Investors in the equity market may be choosing not to bet on the developing conflict over Iran, according to Goldman Sachs strategist Christian Muller-Glissmann. "Many clients we talk to are taking little or no action to wager on this conflict," he said (quoted by Bloomberg). He also pointed to the strong results that companies are posting during the reporting season.

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