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US Stocks and Oil Prices Flip-Flop Ahead of Trump's Deadline to Bomb Iranian Power Plants
Stocks rose modestly as traders weighed Trump’s Iran deadline and the risk of higher oil prices, with the Dow up 23 points and Brent crude near $109.
- President Trump threatened to attack Iranian infrastructure if leaders do not open the Strait of Hormuz by Monday night, through which a fifth of the world's oil typically sails.
- Fighting continues, including an Israeli attack on an Iranian petrochemical plant, while mediators scramble to negotiate a ceasefire. Trump warned Iranian leaders they would be "living in Hell" if they did not comply.
- Benchmark United States crude rose 0.4% to $111.97, while Brent crude added 0.2% to $109.20 per barrel. Gasoline prices across the United States average nearly $4.12 per gallon, according to AAA.
- The Dow Jones Industrial Average rose 0.1% and the Nasdaq composite added 0.5% in early trading, while the 10-year Treasury yield sat at 4.34%. Abroad, Japan's Nikkei 225 gained 0.5% and South Korea's Kospi jumped 1.4%.
- Uncertainty surrounding the ongoing Iranian War drives current markets, according to Jay Woods, analyst at Freedom Capital Markets, who noted that last year focused on "Liberation Day" tariffs.
61 Articles
61 Articles
Market Jitters: U.S. Stocks and Oil Rise Amidst Tensions with Iran
Market Jitters: U.S. Stocks and Oil Rise Amidst Tensions with Iran U.S. equity indexes closed slightly higher as oil futures climbed past $112 per barrel, driven by uncertainties surrounding Middle East tensions. Investors are eagerly awaiting clarity on U.S.-Iran relations, with President Trump issuing stern threats to Iran if a deal isn't reached by Tuesday night.Iran seeks a lasting resolution with the U.S. and Israel, emphasizing reluctance …
castanet.net
US stocks drift higher ahead of Trump's deadline to bomb Iranian power plants
The U.S. stock market drifted higher in tentative trading ahead of a deadline President Donald Trump has set to bomb Iranian power plants. The S&P 500 rose 0.4% Monday. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite climbed 0.5%. Like stock indexes, oil prices seesawed through the day amid continued uncertainty about what will happen in the war with Iran and how long it will slow the global flow of crude oil. Trump warned …
Wall Street opened the week of April 6 with mixed movements and a fixed eye in the Middle East. The S&P 500 rose 0.12% in the early hours of operations, the Nasdaq advanced 0.42% and the Dow Jones yielded 0.18%. The dominant factor remains the war between the U.S. and Iran: Trump set Tuesday April 7th at 8 pm ET as a deadline for Tehran to reopen the Strait of Hormuz, threatening to destroy power plants and bridges if it does not comply.The WTI …
U.S. stocks, oil prices flip-flop ahead of Trump's deadline to bomb Iranian power plants
The U.S. stock market is making only hesitant moves, while oil prices are flip-flopping. The S&P 500 rose 0.2% Monday as mediators try to forge a ceasefire agreement ahead of a deadline President Donald Trump has set to bomb Iranian…
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