'Fast Money' Traders Talk Market Rally, Iran Deal Hope, SpaceX IPO
Markets rallied, with the S&P 500 up 1.3%, as President Trump's signal of Iran talks eased geopolitical risk and cut bets on Federal Reserve rate hikes.
- President Donald Trump announced that "discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved," and Wall Street stocks leaped immediately after the announcement.
- High oil prices caused by Iran sent inflation upward, prompting the European Central Bank to raise interest rates. The United States and Iran recently launched attacks, threatening a tenuous ceasefire.
- A potential deal could reopen the Strait and Hormuz, allowing oil tankers to carry crude from the Persian Gulf. Falling oil prices eased the Treasury yield, while Brent crude prices also fell on hopes.
- Traders ratcheted back bets for a federal funds rate increase this year, according to data from CME Group. Smaller company stocks surged, with the Russell index jumping 2.6 per cent, while Lam Research and KLA climbed.
- The Dow Jones rose, while the Nasdaq was higher. Indexes in Europe rose modestly, though Hong Kong and the Hang Seng fell. Big swings for stocks continue to impact the market.
21 Articles
21 Articles
Wall Street rallies, markets respond positively to signs of Iran breakthrough
Wall Street rallies, markets respond positively to signs of Iran breakthrough US stocks rallied on Thursday after President Donald Trump said a deal with Iran was close and suggested the conflict could soon come to an end. The Dow Jones Industrial Average rose 1.75 percent, while the Nasdaq Composite gained 2.54 percent as investors responded positively to the prospect of reduced geopolitical tensions. Market analysts said hopes of a diplomatic…
The main stock markets closed the day with profits, after the risk aversion among investors decreased, in the face of signs of a possible de-escalation of geopolitical tensions in the Middle East.In Wall Street, the S&P 500 index advanced 1.75 percent, to be located at 7 thousand 394.30 points, while the Dow Jones gained 1.86 percent, to 50 thousand 848.75 units, and the Nasdaq recorded an increase of 2.54 percent, closing at 25 thousand 809.66 …
The U.S. President announces an agreement with Iran - and thus triggers relief on Wall Street. The several days of thirst is over, even for the last badly bagged Nasdaq it goes up again clearly.
Wall Street closed this Thursday in green and its three main indicators scored strong rises, following Trump's announcements about Iran.
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