US EditionWall Street Futures Are Flat as US and Iran Try to Restart Talks, but Oil Ticks Higher
The Nasdaq rose for a 10th straight session as softer producer prices and stronger bank results offset oil losses.
- On Tuesday, Wall Street indexes surged as investors reacted to potential renewed peace talks between the United States and Iran, with the Nasdaq Composite jumping 1.96 per cent and the Dow Jones Industrial Average advancing 0.66 per cent.
- President Donald Trump suggested that talks aimed at ending the Iran conflict could resume in Pakistan within days, following the collapse of weekend negotiations that had triggered heightened tensions and a port blockade.
- Softer inflation data and strong corporate earnings bolstered confidence, as shares of BlackRock climbed about 3 per cent and Citigroup surged 2.6 per cent after beating profit estimates.
- Sectoral trends showed energy stocks falling 2.2 per cent as oil prices eased, while the State Department said Israel and Lebanon agreed to direct negotiations following a US-hosted meeting in Washington on Tuesday.
- Aviation stocks rallied on merger prospects, with United Airlines rising about 2 per cent and American Airlines surging 8 per cent after reports that the CEO pitched a potential merger to the President earlier this year.
17 Articles
17 Articles
Wall Street futures are flat as US and Iran try to restart talks, but oil ticks higher
Markets on Wall Street were largely unchanged from a day earlier and oil prices rose modestly Wednesday as mediators moved closer to extending the ceasefire between the United States and Iran and restarting negotiations to salvage the fragile truce
Wall Street Soars Amid U.S.-Iran Peace Talk Prospects
Wall Street Soars Amid U.S.-Iran Peace Talk Prospects In a promising turn of events, Wall Street indexes surged on Tuesday, driven by the potential for renewed peace talks between the United States and Iran. This anticipation led to a decline in both oil prices and the value of the U.S. dollar, signaling market optimism.The S&P 500 rose by 1.17%, nearing a record high, while the Dow Jones and Nasdaq Composite also saw gains. Financial sector per…
Wall Street gains, oil drops on hopes for renewed US-Iran talks
Wall Street stock indexes extended gains, oil prices dropped and the dollar's safe-haven appeal waned on Tuesday as the United States signalled new peace talks with Iran could be imminent even as a blockade on Iran's ports remained in place.
Expectations of a de-escalation in US-Iran relations and soft inflation data boosted Wall Street, with indices rising, yields and oil falling, and support from technology stocks
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