US Stock Market Live Updates: Dow Jones jumps 300 points as Trump signals ‘serious’ Iran talks
The US stock market saw a significant jump, with the Dow Jones rising 300 points, as President Trump signaled potential 'serious' talks with Iran. Federal Reserve Chair Jerome Powell also indicated that there is little urgency for further rate hikes, easing market concerns and leading to a decline in bond yields.
The Dow Jones jumped 300 points as President Trump signaled potential talks with Iran. Federal Reserve Chair Jerome Powell indicated that there is little urgency for further rate hikes. Bond yields declined after Powell's remarks, with the 2-year Treasury yield falling to 3.83%. The Fed is likely to stay on hold, with markets focusing on the timing of eventual rate cuts. Nvidia shares slipped near bear market territory, while Alaska Air Group shares fell 8% due to rising fuel costs. The airline expects a significant hit to earnings per share due to increased refining margins.
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