The soaring stock market is sending a message: It expects the Iran war to end soon
US stocks surged on Tuesday, with all three major indexes rising over 2%, as investors hoped for an end to the war in Iran. The gains came after comments from President Trump and reports that Iran's president is open to ending the war, sparking a positive note to end a difficult month for stocks.
US stocks skyrocketed during Tuesday's trading session. Investor hopes for an end to the war in Iran were reignited by comments from Trump. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all rose over 2%. The surge was driven by reports that Iran's president is also open to ending the war. Oil prices were split, with WTI crude falling 3% and Brent crude rising 5%. The 10-year US Treasury yield fell four basis points to 4.3%.
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