US EditionThe Dow surges more than 1,100 points as Wall Street soars to its best day since last spring
The Dow jumped more than 1,100 points as oil prices fell and traders bet the Middle East conflict may ease, easing inflation and rate fears.
- 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.
145 Articles
145 Articles
Stocks rally worldwide as oil prices ease on hopes for a possible end to the Iran war
Stocks are climbing worldwide, and oil prices are easing as hopes build that the war with Iran could end soon. The S&P 500 rose 0.7% Wednesday and added to its leap from the day before, which was its best since…
Oil Falls, Stocks Jump on Renewed Hopes of Iran War Ending
Oil prices dropped and stocks around the world rallied on April 1 on renewed hopes of a quick end to the Middle East war after U.S. President Donald Trump said the United States could be leaving Iran in two to three weeks, with or without a deal. The front-month Brent contract for June fell $1.06, or 1 percent, to $102.91 per barrel at about 7 a.m. ET, having dropped to a session low of $98.35. U.S. West Texas Intermediate crude futures for May …
This Wednesday, Asian markets registered a strong upturn, driven by the optimism generated by President Trump's statements that the U.S. could end its participation in the war with Iran in "two or three weeks." Read more
Ibex 35, which brings together the 35 largest listed companies, has begun the first session in April with a 3% rebound, in line with the rest of the European squares, after the US president has assured that his country could end Iran’s war “in two or three weeks.”
Rutland Herald
Oil falls below $100 a barrel and Asian stocks jump on renewed hopes of Iran war ending
Oil has fallen below $100 per barrel and Asian shares are sharply higher, after U.S. stocks soared to their best day in almost a year over renewed hopes that the Iran war could soon end. A barrel of Brent crude…
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