Stocks rebounded on Monday (June 16) as investors grew hopeful that the escalating conflict between Israel and Iran would remain contained, easing concerns over broader geopolitical fallout. The retreat in oil prices also supported market sentiment.

Investor attention is also fixed on the Federal Reserve, which begins its two-day policy meeting Tuesday. The outcome is expected on June 18 Experts predict that this could mark the fourth consecutive meeting where the Fed keeps interest rates unchanged.