03:47 PM EDT, 06/23/2025 (MT Newswires) -- US benchmark equity indexes are on track to close higher on Monday as oil prices plummeted after Qatar said it intercepted Iran's retaliatory strikes at a US air base.

The S&P 500 increased 0.7% to 6,011, and the Nasdaq Composite advanced 0.8% to 19,595.48, and the Dow Jones Industrial Average rose 0.7% to 42,506.74. Among sectors, consumer discretionary and real estate paced the gainers, while energy and health care were the lone decliners.

August West Texas Intermediate crude oil fell 6.9% to $68.77 a barrel.

Northern Trust ( NTRS ) shares jumped 8.1%, the top gainer on the S&P. Bank of New York Mellon ( BK ) recently approached Northern Trust ( NTRS ) to express its interest in a potential merger, The Wall Street Journal reported.

Tesla (TSLA) shares rose 7.9%, the second-biggest increase on the S&P. The electric vehicle maker started offering rides in its Robotaxis on Sunday in Austin, Texas, with Wedbush Securities saying the trips exceeded expectations.

Super Micro Computer ( SMCI ) shares fell 9.1%, the steepest decline on the S&P. The artificial intelligence server maker intends to offer $2 billion of convertible senior notes due 2030.

The 10-year US Treasury yield fell 4.7 basis points to 4.34%, while the two-year rate decreased 6.8 basis points to 3.85%.