Episode Details
Back to EpisodesStocks Surge, Oil Eases; Iran War Fears Ease
Description
U.S. stocks surged today, with the S&P 500 jumping 1.6% in its best day since the Iran war began. The Dow and Nasdaq also rose, following a drop yesterday. Oil prices eased, but remain high due to war fears. Traders hope for a resolution after reports of President Trumps openness to ending the military push against Iran. Tech stocks led the rally, with Marvell Technology soaring on a partnership with Nvidia. Airlines also gained on cheaper fuel hopes. Positive U.S. data and rising European indexes supported the rebound, but watch for any fresh hits in the Persian Gulf and Strait of Hormuz.
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