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Shares of QuantumScape Corp. (NYSE:QS) are trading higher Monday. The move comes as the broader market gains momentum.
The Nasdaq has climbed 1.59%, while the S&P 500 rose 1.54%.
Oil Prices Plunge On Geopolitical Shifts
Auto-related stocks are trading higher following a sharp drop in energy costs. WTI crude oil futures tumbled over 10% on Monday, falling to around $87 per barrel.
This shift followed news that President Donald Trump ordered the Pentagon to halt planned strikes on Iranian energy infrastructure for five days.
Trump cited “very good and productive” discussions between the U.S. and Iran over the last 48 hours. Lower oil prices …
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