"The rally caps a frantic 24 hours. On Sunday, Trump set an 8 p.m. Tuesday deadline for Iran to reopen the Strait of Hormuz or face strikes on its bridges, power plants, and what he called on its 'whole civilization.'"
"The truce is very tenuous, Vice President JD Vance admitted this morning. Reports have emerged that fighting continues, particularly on Israel's part as it reportedly continues to strike Lebanon to try to eradicate Hezbollah for good."
"When the opening bell rang, the Dow Jones Industrial Average surged 1,303 points, or 2.8%, its best day since the war began on February 28."
"With those energy stocks, WTI fell nearly 16% to around $95 a barrel, still well above the $67 level it settled at on February 27, before the war began."
The U.S. stock market experienced a significant rally, adding approximately $1.5 trillion in value. This surge followed a ceasefire agreement brokered by Pakistani Prime Minister Shehbaz Sharif after President Trump set a deadline for Iran. Despite the truce, tensions remain high, with ongoing fighting reported, particularly from Israel. The Dow Jones Industrial Average rose 1,303 points, while energy stocks fell sharply, with WTI crude oil prices dropping nearly 16%. JPMorgan's trading desk shifted to a 'Tactically Bullish' stance.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]