Published • loading... • Updated
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.
Insights by Ground AI
Podcasts & Opinions
36 Articles
36 Articles
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.
·Canada
Read Full Article
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.
·Toledo, United States
Read Full Article
Coverage Details
Total News Sources36
Leaning Left9Leaning Right6Center14Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 31%
C 48%
R 21%
Factuality
To view factuality data please Upgrade to Premium
