India, June 23 -- After some early indecision, investors rallied late in the day to push Wall Street higher on Monday.
The major averages opened lower and hugged the unchanged line for much of the day as investors waited for Iran's response to the weekend U.S. air strikes on its nuclear sites.
Reports suggesting that Iran may block the Strait of Hormuz sent the markets briefly back into the red, as did reports of an Iranian attack on a U.S. base in Qatar.
But the markets spiked going into the close after Federal Reserve Vice Chair Michelle Bowman indicated support for a rate cut as early as July, citing concerns about the job market and potential easing of inflationary pressures related to tariffs. Additionally, reports of potential tari...