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The Dow surges more than 1,100 points as Wall Street soars to its best day since last spring
Stocks surged as investors bet the Iran war could de-escalate, with the Dow jumping 1,125 points and oil prices easing, traders said.
- On Tuesday, Wall Street surged as investors cheered reports of potential Middle East de-escalation, with the S&P 500 and Dow recovering from recent monthly declines.
- Diplomatic signals emerged as President Donald Trump and Iranian President Masoud Pezeshkian expressed desire to end the conflict, with Pezeshkian asserting Iran has "the necessary will to end the war."
- The Nasdaq Composite jumped 3.6% and the Dow Jones Industrial Average soared 979 points, as technology stocks led the broad market recovery.
- Benchmark US crude eased 1.5% to settle at $101.38 per barrel, though Mark Malek, CIO at Siebert Financial, cautioned the Strait of Hormuz closure could "cause damage" to the economy.
- President Trump told the New York Post he does not expect the war to last "too much longer," ready to leave the Strait of Hormuz's fate to other nations.
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Asian stocks rally as Trump says war to end 'very soon'
Asian stocks rallied Wednesday after US President Donald Trump said the Middle East war would be over in up to three weeks and his Iranian counterpart said Tehran had "the necessary will" to bring it to an end.
·Missoula, United States
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Coverage Details
Total News Sources116
Leaning Left25Leaning Right23Center40Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 28%
C 46%
R 26%
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