Dow Rebounds Amid Hopes for Iran Conflict Resolution

On Monday, the Dow Jones Industrial Average rebounded from an initial loss of nearly 900 points to close with a gain of approximately 240 points. This turnaround followed President Donald Trump's statement suggesting that the conflict with Iran might soon conclude.

In the retail sector, Kohl's Corporation is set to release its earnings report before the market opens. The company's stock has declined about 37% over the past three months and is down 41% from its December high.

Technology giant Oracle Corporation will announce its earnings after the market closes. The stock has decreased by more than 31% in the past three months and is 56% below its September peak.

The housing market will be under scrutiny as existing home sales data is released at 10 a.m. ET. Over the past month, homebuilders such as PulteGroup, Toll Brothers, Taylor Morrison, Hovnanian Enterprises, and D.R. Horton have experienced stock declines. However, year-to-date, PulteGroup and Toll Brothers are up around 8%, Hovnanian Enterprises has risen 12%, Taylor Morrison is up over 3%, and D.R. Horton has gained more than 2%.

Boeing is scheduled to release its orders and deliveries data at 11 a.m. The stock has fallen 8% in the last month and is down 11.5% from its January high but has gained over 45% in the past 12 months.

Since the onset of the Iran conflict on March 1, West Texas Intermediate crude oil has increased by 27%, and Brent crude has risen by 24%. In the same period, ExxonMobil's stock has fallen around 1%, while Chevron has advanced 1.4%, and ConocoPhillips has risen 3%.

Despite recent volatility, the Nasdaq Composite has remained relatively flat since the conflict began. The Dow Industrials has lost 2.5%, and the S&P 500 is down about 1%. Markets and oil prices appear to be reacting to ongoing developments in the Middle East.