Wall Street recovers from Friday’s shock as US stocks rise and oil prices ease
NEW YORK (AP) – Calms return to Wall Street on Monday, with US stocks rising, while oil prices returned some of the next first surges Israel’s attacks on Iranian nuclear and military targets At the end of last week.
The S&P 500 rose 0.9% to get most of it back It’s going to fall from Friday. The Dow Jones industrial average rose 317 points (0.8%), while the Nasdaq composite rose 1.5%. They took part in global climbs due to stock prices spreading from Asia to Europe.
That’s true for Israel and Iran Continue to attack each otherAnd there remains fear that a wider war could limit the flow of Iranian oil customers. This will help you raise gasoline prices around the world and keep them high.
However, past conflicts in the region have led to a surge in oil prices only for a short time. They retreated after they showed that it would not disrupt oil flows either in Iran or in other countries through the narrow straits of the Strait of Hormuz off the coast of Iran.
This time, it helped to bring oil prices back to $71 per barrel on Monday, hoping that combat would be included in the same way.
Iranian Foreign Minister Abbas Araguchi appeared to be doing a veiled outreach to help the US intervene to end hostilities between Israel and Iran.
Benchmark US oil barrels fell 1.7% to $71.77, while international standard Brent crude fell 1.3% to $73.23 per barrel. They both jumped about 7% on Friday after their first attack.
With another signal to calm fears in the financial market, the price of gold has returned some of the kinky climbs from Friday that investors were looking for A safe place to park your cash. Ounce gold fell 1% to $3,417.30.
Wall Street has many other concerns, along with fighting in Iran and Israel. Of these, the important ones President Donald Trump’s tariffsif the US government doesn’t win trade deals with other countries to cut Trump’s tax on imports, it could slow the economy and raise inflation.
The United States meets the six largest economies in Canada. Seven meeting groupsThe illusion of tariffs is approaching discussions.
Later this week, the Federal Reserve will discuss whether to cut interest rates or lower as a decision is scheduled for Wednesday. A nearly unanimous expectation among traders and economists is that the Fed will not move.
There is a Federal Reserve system Hesitant to lower interest ratesand after cutting at the end of last year, it has been put on hold this year. Because they are waiting to see Trump’s tariffs hurt the economy and raise inflation. inflation It’s still It’s relatively tame Recently, it has been near the Fed’s 2% target.