Markets rebound as Trump hints nearing end of Iran conflict and oil cools

1 min read
Source: CNBC
Markets rebound as Trump hints nearing end of Iran conflict and oil cools
Photo: CNBC
TL;DR Summary

Stock futures edged lower ahead of the open, but the market reversed intraday losses as the Dow rose about 239 points (0.5%), the S&P 500 gained 0.8%, and the Nasdaq jumped ~1.4% after President Trump suggested the Iran conflict could be winding down. Oil prices fell from earlier spikes, with WTI in the mid-$80s and Brent around $84 as energy ministers weigh strategic reserves. Traders await CPI and PCE data this week and earnings from Oracle and Adobe; in after-hours trading, Vail Resorts fell on weak results, while HPE rose and Vertex jumped on positive trial news.

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