Stocks Surge, Oil Eases; Iran War Fears Ease

0:00U.S. stocks bounced back hard today, with the S&P 500 leaving 1.6% toward its best day since the Iran War kicked off. The Dow climbed 555 points, or 1.2% by 10.30 a.m. Eastern, while the NASDAQ jumped 2.1%. This snapback follows a rough drop yesterday that put the S&P more than 9% below its yearly peak. The oil price is finally eased off, dipping 0.3% with Brent Crude at $107.10 per barrel and U.S. benchmark. Right behind. Those prices have been yanking markets around since spiking from about $70 to $119 amid fears the warblocks Persian. Golf supplies, fueling nasty inflation. Traders caught some hope overnight from reports that President Trump told A's he's open to wrapping the military push against the Iran, even if the straight-of-form moves stays choked. That's the key waterway, where a fifth of global oil flows.

1:00Trump tweeted urging the U.K. and others to step up and seize it, though his words pack less punch after mixed signals on talks and threats. Tech stocks powered the rally, with nearly 4 in 5 S&P names in the green. Marvel technology soared 8.5% on a $2 billion in video investment in partnership, while airlines like Delta of 2 point, 1% and Norwegian crews, 4% trimmed the yearly losses on cheaper fuel hopes. Bond's E's too, 10-year treasury yield, down to 4.31%, positive U.S. data helped, showing better consumer confidence and more job openings than expected. Overseas, Europe indexes rose after Asia slide, like South Korea's cost be down 4.3%. Keep eyes on that straight and oil tankers, as any fresh heads could flip this rebound quick. I'm Corey with the story. That's your Canada News Today update, AI powered and always on.