Stock market today: US stocks rise as hopes emerge for an end to Middle East hostilities
US stocks rose as hopes emerged for an end to Middle East hostilities, with the S&P 500 and Dow Jones Industrial Average seeing slight gains. Oil prices also rose, with Brent crude futures reaching around $110 per barrel, amid concerns over the blockade of the Strait of Hormuz and its potential impact on inflation.
US stocks saw a slight increase as the market hoped for a deescalation in Middle East hostilities. The S&P 500 rose 0.1% and the Dow Jones Industrial Average hovered above the flat line. The tech-heavy Nasdaq Composite rose by 0.2%. Oil prices rose, with Brent crude futures reaching around $110 per barrel. The blockade of the Strait of Hormuz risks stoking inflation. A plan for a 45-day halt to attacks has been proposed by Pakistan. The US economy created 178,000 jobs in March, with the unemployment rate falling to 4.3%. Key US inflation data is due out on Friday.
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