Stocks Rebound as Trump Hints at Iran Conflict End

0:00On March 9, Wall Street stocks staged a strong late rebound Monday, closing higher after President Donald Trump hinted the U.S.-Israeli conflict. With Iran could end sooner than expected, the S&P 500 rose 0.83% to 6,796. The NASDAQ gained 1.38% at 22,697, while the Dow edged of 0.51% to 47,742. Early trading saw sharp drops as oil prices hit peaks, not seen since mid-2022, driven by shipping disruptions in the straight-of. Hormuz on the war's 10th day. These surges stoke fears of wider inflation just as many Americans grapple with higher costs. As the show jitters over the fight's unclear timeline, blending with last week's soft jobs report to spark stack flation worries. That could leave the Federal Reserve torn between curbing prices and boosting jobs, adding

1:01to recent market swings on news headlines. Chip stock shone brightest, with the Philadelphia semiconductor index leading the charge, though homebuilders and banks took the hardest hits. Hopes for de-escalation cooled after Iran picked Moshtaba Kamenei to follow his father as a prime leader, a step Trump called off limits. Looking ahead, traders expect the Fed to hold interest rates steady into mid-year, but this week's consumer price index GDP update and spending data could easily shift the mood across markets.