US stocks jump, and oil prices fall after Trump calls off his threat to attack Iran
Traders cut rate-hike bets as oil prices fell and the S&P 500, Dow and Nasdaq posted their biggest gains in two months, Reuters said.
- On Thursday, President Donald Trump announced he canceled planned strikes against Iran, citing advanced negotiations with Tehran that had been approved by regional powers.
- Major Wall Street indexes had fallen more than 1% on Wednesday, with the Technology Index confirming a correction as markets faced pressure from rising U.S. producer prices in May.
- SpaceX priced its initial public offering at $135 per share on Thursday, valuing the company at $1.77 trillion, a record for an IPO, with shares expected to begin trading on Friday.
- Wall Street and Bay Street responded positively, with The Dow Jones Industrial Average rising 928.72 points and the Nasdaq Composite gaining 2.53%; The TSX ended up 1.52%.
- The Federal Reserve is widely expected to hold interest rates steady at its policy meeting next week, while Oracle shares plunged after projecting higher capital spending for fiscal 2027.
61 Articles
61 Articles
Oil price falls to three-month low and stocks rally on hopes of US-Iran deal
Financial markets were rebounding at the end of a week which began with renewed tensions in the Middle East. Oil prices have fallen to a three-month low and stocks are rallying after Donald Trump claimed he was close to reaching a deal with Iran, sparking fresh hopes among investors. Financial markets were rebounding at the end of a week which began with renewed tensions in the Middle East. But the US president said on Thursday that he had calle…
Oil Drops to Two-Month Low as Trump Says Deal With Iran Is Close
(Bloomberg) — Oil slid to a two-month low after President Donald Trump said a peace deal with Iran could be signed as soon as the weekend following US military strikes that cast doubt over progress to end the war.
U.S. stocks jump to best day in 2 months on hopes for a deal to get crude flowing globally again
U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again.
U.S. stocks jump to best day in 2 months on hopes of crude flowing globally
NEW YORK — U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again.
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