The Dow ⁠Jones Industrial Average rose 136.46 points, or 0.26%, to 52,319.20. The S&P 500 gained 58.93 points, or 0.79%, to 7,499.36, and the Nasdaq Composite gained 393.58 points, or 1.52%, to 26,213.72. For the quarter, the ⁠Dow was up about 13%, the S&P 500 gained 14.9%, and the Nasdaq rose 21.4%.

“On the Nasdaq, 2,651 stocks rose and 2,318 fell as advancing issues outnumbered decliners by a 1.14-to-1 ratio. The S&P 500 posted no new 52-week ⁠highs and no new lows while the Nasdaq Composite recorded no new highs and no new lows,” reported Reuters.

The indexes ended higher for the day as well, with the Dow registering a record closing high for the second straight day. Technology led investor and stock gains among S&P 500 sectors, with an index of semiconductor stocks finishing 3.9% higher on the day. The recovery in tech stocks will bring cheer among the investors, given the fact that a few days back, weakness in these shares massively weighed on the market, forcing both the S&P 500 and Nasdaq to register losses for the month of June.

As per the analysts, optimism over “progress” in efforts to bring the Iran war to a lasting halt has helped stocks recoup their values, despite continued military tensions.

Iran and the United States on June 17 signed a memorandum of understanding (MoU) aimed at ending the ⁠four-month-old conflict. But exchanges of fire over the last weekend have tested that agreement. Also, there is no news about Washington and Tehran beginning another round of peace talks soon.

“We’ve had a great first half of the year, certainly better than most expected. In spite of all the geopolitical stuff, the U.S. economy is performing well and corporate earnings are strong,” said Oliver Pursche, senior vice president and advisor for Wealthspire Advisors in Westport, Connecticut.

Investors, who are looking forward to second-quarter results in the coming days, will also be mindful about headwinds like a sharp rise in oil prices during the Iran war that further ramped up concerns about inflation and interest rate hikes. Even though the conflict has subsided, traders are still pricing in at least one rate hike by the Federal Reserve by the 2026-end, according to data compiled by ‌LSEG.

Investors, however, are still concerned about lofty valuations in the tech sector and continued massive spending on AI by tech companies. As per the strategists at BofA (Bank of America), cyclical, value-oriented sectors like energy and financials may end up being the better bet heading into the second half of the year.

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Spencer Bogart, partner at Blockchain Capital said: “Bitcoin remains uncorrelated to traditional asset classes, is more than 50% off its highs and has significant upside.

“It feels like a no-brainer from a portfolio management perspective to allocate some capital to crypto.”

According to CNBC, this year’s fall in digital currency was mainly due to investors selling to meet US tax obligations, regulatory inspection, and major tech giants imposing a ban on cryptocurrency advertisements.

Joe DiPasquale, CEO of BitBull Capital said based on Thomson Reuters survey published Tuesday one in five firms are looking at digital currency trading in the next year. This signals a market shift in crypto investors and bitcoin value.

“As reports continue to show more and more institutions gearing up to participate in crypto markets, valuations are likely to continue to increase in a steady manner.

“There has been a significant shift in sentiment towards the positive, with Bitcoin spot price seeing the most notable jump over the last week,” DiPasquale said.

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As stated by IG, the FTSE 100 will be 16 points lower standing at 7,143, the CAC 40 is expected to open around 14 points lower at 5,258 and the DAX will possibly open 47 points lower at 12,359.

Although Wall Street had a bounce on Friday, it had a low close for the week. Dow Jones industrial average, S&P 500 Index and the Nasdaq were low by more than one percent.

As per the industrial speculations, there is possibility that on Wednesday the US central bank will increase interest rates to 1.75%, up from 1.5%. The Fed has also indicated that there will possibly be three more climbs in rate in the current year.

Representatives from Britain and Europe will hold a meeting in Brussels later this week to hold Brexit discussions prior to an EU summit.

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Although the damage control was done as buyers took over the situation, yet the Dow was 1,175 points low, which is the worst recorded closing point.

After 2011, this was the lowest drop, with amount going as low as 4.6 percent.

The financial, healthcare and industrial sectors were the ones that were the worst affected. Later the significant 11 S&P sectors had a drop of a minimum of 1.7 percent.

Pertaining to the crash, S&P 500 eliminated the probable gains for 2018 and is currently stands down at 0.9 percent for the current year. The Dow is down 1.5 percent for 2018.

But the crash had its toll all over the world. Markets in Asia got into troubled waters on Tuesday as a lot of investors left the stock market. While Nikkei index of Japan showed a drop of 4 percent during Tuesday morning trading, South Korea’s Kospi index was down 2.6 percent. The S&P/ASX 200 went down 3% in Australia.

As per records, the fall in the stock market affected the richest people like Warren Buffett, Mark Zuckerberg and Jeff Bezos, who lost billions in a couple of hours.

The world’s richest man, Jeff Bezos who is the founder and CEO of Amazon, saw his net worth to go down $3.5 billion for the day.

Warren Buffett, the CEO and Chairman of Berkshire Hathaway has net worth that is a lot based on the stock market. With the fall in the stock market, his personal net worth also had a pit fall by $5 billion on Monday.

With Facebook crashing down by 5 percent, its founder Mark Zuckerberg’s net worth also went down by $3 billion during the day.

Among the other leading business pioneers affected by the crash in stock market, are Google co-founders Larry Page and Sergey Brin whose individual net worth fell over $2 billion.

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