Markets Rally as Oil Prices Drop Amid Middle East Tensions
TL;DR Summary
Stocks rose and oil prices fell amid hopes of de-escalation in the Middle East conflict after Iran's retaliation caused minimal damage, boosting investor sentiment. Major tech stocks hit record highs, while energy and biotech shares declined. Cryptocurrency and gold saw mixed movements, and upcoming Fed Chair Powell testimony is expected to influence markets further.
- Stocks Jump, Oil Prices Plunge as Hopes Rise That Middle East Conflict Could Subside Investopedia
- Trump Confronts Potential for High Oil Prices After Iran Strikes The New York Times
- Stock Market News From June 23, 2025: Dow Gains, Oil Drops. Why Markets Are Shrugging Off Iran Attack. Barron's
- Stocks Rise and Oil Recedes After Iran’s Retaliation Avoids Energy Infrastructure WSJ
- Morning Bid: Now the ball is in Iran's court Reuters
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