Stock Markets Rebound, Oil Prices Stabilize

0:00I'm Cory with the story, bringing you the latest from Durham News today. Stock market stays to sharp rebound this week after three weeks of turmoil from the Iran conflict. Oil prices had jumped about 40 percent since late February strikes, dragging the S&P 500 down 3.6 percent. But on Monday, March 16, the S&P climbed 1 percent to close at 6,699. The Dow rose 0.8 percent or 388 points to around 46,946, while the NASDAQ gained 1.2 percent, boosted by artificial intelligence and chip stocks. Earlier this week, crude oil showed signs of steadying after peaking above $100 a barrel. White House economic advisor, Kevin Hassett, noted tankers were starting to move through the strait of hormones again, signaling limited disruption ahead. Goldman Sachs research highlighted the supply issues as mostly confined to energy, unlike broader past inflation spikes.

1:00Investors reacted with relief, but the rally broke old patterns. Normally, Christy Sparker rushed to bonds, but that did not happen here. Goldman Sachs CEO David Solomon called the market response, milder than expected, though he warned of risks to energy chains and consumer mood, if. Fensions drag on, gasoline prices hit a national average of $3 in 79 cents per gallon, the highest since late 2023. Analysts offered mixed views on what comes next. Morgan Stanley's chief equity strategist predicted the S&P could dip to around 6,300 by early April amid oil and fed worries. Still, the firm sees this as a correction, not a crash, and favors stocks like Walmart and Defense Plays. The Federal Reserve meets March 17th and 18th, with markets betting on steady rates at 3.5 to 3.75%. Percent. History shows stocks often recover after geopolitical shocks, rewarding those who stayed diversified and patient to the volatility.

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