Stock Markets Stabilize, Oil Prices Fall

0:00Stay informed in two minutes or less with Sydney news today from the Daily News now. US stock market steady today, as traders watch for clues on when the war with Iran might end. The S&P 500 climbed 0.4% after yesterday's big swings tied to oil volatility. The Dow Jones industrial average rose 313 points, or 0.7%, while the NASDAQ composite added 0.6%. Percent, oil prices kept sliding, easing fears of long-term supply disruptions from the conflict. Brent crude settled at $82.90 per barrel, down 16.2% from the prior close. Benchmark US crude, fell to $80.34, well off Monday's peak, near $120. President Trump's hint that the war is nearly over, lifted hopes for quicker resolution, and steady energy flows from the Middle East. Iran pushed back, saying it controls the timeline, and launched fresh strikes on Israel and Gulf nations.

1:02Trump warned of massive retaliation if the Strait of Hormuz stays blocked. Global markets reacted strongly to the oil pullback and mixed signals. South Korea's index jumped 5.3%, Hong Kong rose, 2.2%, and France gained 1.8%. Australia's futures signal a 0.9% open after a volatile week. High oil could strain household budgets and fuel inflation, risking stack flation with slow growth. The International Energy Agency meets today to consider tapping member stockpiles. 10-year treasury yields held at 4.12%. A message from our sponsor supports today's story. Your pillow just got smarter. It plays your podcasts and music. S-O-L-I-SOLYPILLOW.com