Stock market today: Dow, S&P 500, Nasdaq jump, oil slides on Iran’s restrained response to US strikes
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Stock market today: Dow, S&P 500, Nasdaq jump, oil slides on Iran’s restrained response to US strikes
Dow Jones Industrial Average rises 0.9%, S&P 500 up 1%, Nasdaq up almost 1%. Oil prices fall as investors assess extent of Iran’s retaliation. Investors on edge over shock surge in energy prices if Iran blocks key Strait of Hormuz waterway. Federal Reserve governor Michelle Bowman expresses support for rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy.
The Dow Jones Industrial Average (^DJI) rose 0.9%. The S&P 500 (^GSPC) snapped a three-day losing streak to gain around 1%, and the tech-heavy Nasdaq (^IXIC) also rose almost 1%.
Oil prices fell as investors assessed the extent of Iran’s retaliation. Brent crude (BZ=F) futures fell 7% to settle at $71.48 per barrel, while WTI (CL=F) closed at $68.51 per barrel.
Iran said its retaliatory act matched the number of bombs the US dropped on its nuclear sites this weekend, in a move analysts said pointed to deescalation. Qatar said the strike did not cause any casualties.
President Trump said the move suggested Iran had “gotten it all out of their ‘system,’ and there will, hopefully, be no further HATE.” He also thanked Iran for “giving us early notice,” and said he would encourage both Iran and Israel to seek peace.
That provided a jolt to stocks, which started the session in red territory as oil surged on the immediate heels of President Trump’s decision to join Israel’s attacks on Iran on Saturday. Investors began the session on edge over a shock surge in energy prices if Iran blocks the key Strait of Hormuz waterway, as that would have repercussions for economies worldwide.
Trump said late Saturday that the US had struck Iran’s three main nuclear enrichment facilities, saying the sites had been “totally obliterated” — a claim that has since been questioned. He threatened Iran with more attacks if the country did not quickly seek peace talks.
Stocks moved into positive territory earlier in the session after Federal Reserve governor Michelle Bowman expressed support for a rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy in the near term.
Fed Chair Jerome Powell is on Capitol Hill tomorrow for the first of two days of congressional testimony.
LIVE COVERAGE IS OVER
27 updates
Stock market today: Dow, S&P 500, Nasdaq jump, oil slides on Iran’s restrained response to US strikes
Dow Jones Industrial Average rises 0.9%, S&P 500 up 1%, Nasdaq up almost 1%. Oil prices fall as investors assess extent of Iran’s retaliation. Investors on edge over shock surge in energy prices if Iran blocks key Strait of Hormuz waterway. Federal Reserve governor Michelle Bowman expresses support for rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy.
The Dow Jones Industrial Average (^DJI) rose 0.9%. The S&P 500 (^GSPC) snapped a three-day losing streak to gain around 1%, and the tech-heavy Nasdaq (^IXIC) also rose almost 1%.
Oil prices fell as investors assessed the extent of Iran’s retaliation. Brent crude (BZ=F) futures fell 7% to settle at $71.48 per barrel, while WTI (CL=F) closed at $68.51 per barrel.
Iran said its retaliatory act matched the number of bombs the US dropped on its nuclear sites this weekend, in a move analysts said pointed to deescalation. Qatar said the strike did not cause any casualties.
President Trump said the move suggested Iran had “gotten it all out of their ‘system,’ and there will, hopefully, be no further HATE.” He also thanked Iran for “giving us early notice,” and said he would encourage both Iran and Israel to seek peace.
That provided a jolt to stocks, which started the session in red territory as oil surged on the immediate heels of President Trump’s decision to join Israel’s attacks on Iran on Saturday. Investors began the session on edge over a shock surge in energy prices if Iran blocks the key Strait of Hormuz waterway, as that would have repercussions for economies worldwide.
Trump said late Saturday that the US had struck Iran’s three main nuclear enrichment facilities, saying the sites had been “totally obliterated” — a claim that has since been questioned. He threatened Iran with more attacks if the country did not quickly seek peace talks.
Stocks moved into positive territory earlier in the session after Federal Reserve governor Michelle Bowman expressed support for a rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy in the near term.
Fed Chair Jerome Powell is on Capitol Hill tomorrow for the first of two days of congressional testimony.
LIVE COVERAGE IS OVER
27 updates
Stock market today: Dow, S&P 500, Nasdaq jump, oil slides on Iran’s restrained response to US strikes
Dow Jones Industrial Average rises 0.9%, S&P 500 up 1%, Nasdaq up almost 1%. Oil prices fall as investors assess extent of Iran’s retaliation. Investors on edge over shock surge in energy prices if Iran blocks key Strait of Hormuz waterway. Federal Reserve governor Michelle Bowman expresses support for rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy.
The Dow Jones Industrial Average (^DJI) rose 0.9%. The S&P 500 (^GSPC) snapped a three-day losing streak to gain around 1%, and the tech-heavy Nasdaq (^IXIC) also rose almost 1%.
Oil prices fell as investors assessed the extent of Iran’s retaliation. Brent crude (BZ=F) futures fell 7% to settle at $71.48 per barrel, while WTI (CL=F) closed at $68.51 per barrel.
Iran said its retaliatory act matched the number of bombs the US dropped on its nuclear sites this weekend, in a move analysts said pointed to deescalation. Qatar said the strike did not cause any casualties.
President Trump said the move suggested Iran had “gotten it all out of their ‘system,’ and there will, hopefully, be no further HATE.” He also thanked Iran for “giving us early notice,” and said he would encourage both Iran and Israel to seek peace.
That provided a jolt to stocks, which started the session in red territory as oil surged on the immediate heels of President Trump’s decision to join Israel’s attacks on Iran on Saturday. Investors began the session on edge over a shock surge in energy prices if Iran blocks the key Strait of Hormuz waterway, as that would have repercussions for economies worldwide.
Trump said late Saturday that the US had struck Iran’s three main nuclear enrichment facilities, saying the sites had been “totally obliterated” — a claim that has since been questioned. He threatened Iran with more attacks if the country did not quickly seek peace talks.
Stocks moved into positive territory earlier in the session after Federal Reserve governor Michelle Bowman expressed support for a rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy in the near term.
Fed Chair Jerome Powell is on Capitol Hill tomorrow for the first of two days of congressional testimony.
LIVE COVERAGE IS OVER
27 updates
Stock market today: Dow, S&P 500, Nasdaq jump, oil slides on Iran’s restrained response to US strikes
Dow Jones Industrial Average rises 0.9%, S&P 500 up 1%, Nasdaq up almost 1%. Oil prices fall as investors assess extent of Iran’s retaliation. Investors on edge over shock surge in energy prices if Iran blocks key Strait of Hormuz waterway. Federal Reserve governor Michelle Bowman expresses support for rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy.
The Dow Jones Industrial Average (^DJI) rose 0.9%. The S&P 500 (^GSPC) snapped a three-day losing streak to gain around 1%, and the tech-heavy Nasdaq (^IXIC) also rose almost 1%.
Oil prices fell as investors assessed the extent of Iran’s retaliation. Brent crude (BZ=F) futures fell 7% to settle at $71.48 per barrel, while WTI (CL=F) closed at $68.51 per barrel.
Iran said its retaliatory act matched the number of bombs the US dropped on its nuclear sites this weekend, in a move analysts said pointed to deescalation. Qatar said the strike did not cause any casualties.
President Trump said the move suggested Iran had “gotten it all out of their ‘system,’ and there will, hopefully, be no further HATE.” He also thanked Iran for “giving us early notice,” and said he would encourage both Iran and Israel to seek peace.
That provided a jolt to stocks, which started the session in red territory as oil surged on the immediate heels of President Trump’s decision to join Israel’s attacks on Iran on Saturday. Investors began the session on edge over a shock surge in energy prices if Iran blocks the key Strait of Hormuz waterway, as that would have repercussions for economies worldwide.
Trump said late Saturday that the US had struck Iran’s three main nuclear enrichment facilities, saying the sites had been “totally obliterated” — a claim that has since been questioned. He threatened Iran with more attacks if the country did not quickly seek peace talks.
Stocks moved into positive territory earlier in the session after Federal Reserve governor Michelle Bowman expressed support for a rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy in the near term.
Fed Chair Jerome Powell is on Capitol Hill tomorrow for the first of two days of congressional testimony.
LIVE COVERAGE IS OVER
27 updates
Stock market today: Dow, S&P 500, Nasdaq jump, oil slides on Iran’s restrained response to US strikes
Dow Jones Industrial Average rises 0.9%, S&P 500 up 1%, Nasdaq up almost 1%. Oil prices fall as investors assess extent of Iran’s retaliation. Investors on edge over shock surge in energy prices if Iran blocks key Strait of Hormuz waterway. Federal Reserve governor Michelle Bowman expresses support for rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy.
The Dow Jones Industrial Average (^DJI) rose 0.9%. The S&P 500 (^GSPC) snapped a three-day losing streak to gain around 1%, and the tech-heavy Nasdaq (^IXIC) also rose almost 1%.
Oil prices fell as investors assessed the extent of Iran’s retaliation. Brent crude (BZ=F) futures fell 7% to settle at $71.48 per barrel, while WTI (CL=F) closed at $68.51 per barrel.
Iran said its retaliatory act matched the number of bombs the US dropped on its nuclear sites this weekend, in a move analysts said pointed to deescalation. Qatar said the strike did not cause any casualties.
President Trump said the move suggested Iran had “gotten it all out of their ‘system,’ and there will, hopefully, be no further HATE.” He also thanked Iran for “giving us early notice,” and said he would encourage both Iran and Israel to seek peace.
That provided a jolt to stocks, which started the session in red territory as oil surged on the immediate heels of President Trump’s decision to join Israel’s attacks on Iran on Saturday. Investors began the session on edge over a shock surge in energy prices if Iran blocks the key Strait of Hormuz waterway, as that would have repercussions for economies worldwide.
Trump said late Saturday that the US had struck Iran’s three main nuclear enrichment facilities, saying the sites had been “totally obliterated” — a claim that has since been questioned. He threatened Iran with more attacks if the country did not quickly seek peace talks.
Stocks moved into positive territory earlier in the session after Federal Reserve governor Michelle Bowman expressed support for a rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy in the near term.
Fed Chair Jerome Powell is on Capitol Hill tomorrow for the first of two days of congressional testimony.
LIVE COVERAGE IS OVER
27 updates
Stock market today: Dow, S&P 500, Nasdaq jump, oil slides on Iran’s restrained response to US strikes
Dow Jones Industrial Average rises 0.9%, S&P 500 up 1%, Nasdaq up almost 1%. Oil prices fall as investors assess extent of Iran’s retaliation. Investors on edge over shock surge in energy prices if Iran blocks key Strait of Hormuz waterway. Federal Reserve governor Michelle Bowman expresses support for rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy.
The Dow Jones Industrial Average (^DJI) rose 0.9%. The S&P 500 (^GSPC) snapped a three-day losing streak to gain around 1%, and the tech-heavy Nasdaq (^IXIC) also rose almost 1%.
Oil prices fell as investors assessed the extent of Iran’s retaliation. Brent crude (BZ=F) futures fell 7% to settle at $71.48 per barrel, while WTI (CL=F) closed at $68.51 per barrel.
Iran said its retaliatory act matched the number of bombs the US dropped on its nuclear sites this weekend, in a move analysts said pointed to deescalation. Qatar said the strike did not cause any casualties.
President Trump said the move suggested Iran had “gotten it all out of their ‘system,’ and there will, hopefully, be no further HATE.” He also thanked Iran for “giving us early notice,” and said he would encourage both Iran and Israel to seek peace.
That provided a jolt to stocks, which started the session in red territory as oil surged on the immediate heels of President Trump’s decision to join Israel’s attacks on Iran on Saturday. Investors began the session on edge over a shock surge in energy prices if Iran blocks the key Strait of Hormuz waterway, as that would have repercussions for economies worldwide.
Trump said late Saturday that the US had struck Iran’s three main nuclear enrichment facilities, saying the sites had been “totally obliterated” — a claim that has since been questioned. He threatened Iran with more attacks if the country did not quickly seek peace talks.
Stocks moved into positive territory earlier in the session after Federal Reserve governor Michelle Bowman expressed support for a rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy in the near term.
Fed Chair Jerome Powell is on Capitol Hill tomorrow for the first of two days of congressional testimony.
LIVE COVERAGE IS OVER
27 updates