Markets Rebound as U.S. Considers Releasing Iranian Oil to Ease Prices
Global stock markets staged a partial recovery on Friday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all climbing from steep losses earlier in the week. The rebound was driven by a key development: a retreat in surging oil prices after U.S. Treasury Secretary Scott Bessent suggested Washington may soon lift sanctions on Iranian crude stored on tankers. This potential move aims to increase global supply and ease price pressures following Iran's closure of the critical Strait of Hormuz, a major oil transit route, amid ongoing regional conflict. The week had been dominated by investor anxiety over the war between the U.S., Israel, and Iran, now in its third week. The geopolitical strife had sent energy prices soaring, fueling significant inflation worries and pressuring central bank policy. Federal Reserve Chair Jerome Powell acknowledged that "near-term measures of inflation expectations have risen in recent weeks, likely reflecting the substantial rise in oil prices." Despite this, a CNBC Fed Survey indicated most economists still expect the Fed to cut interest rates later this year, though the oil shock has introduced fresh uncertainty into the economic outlook. The positive shift in oil prices provided a catalyst for broad-based buying. The sentiment lift was also supported by strong corporate earnings and a resilient U.S. jobs market, evidenced by lower-than-expected weekly jobless claims. Similar rebounds were seen in Asian markets, including India's Sensex, which jumped over 700 points on the back of easing oil prices and positive global cues. Analysts caution, however, that the market's direction remains highly dependent on further geopolitical developments, the Fed's signals on inflation, and upcoming economic data, suggesting continued volatility ahead.
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Stock market today: Dow, S&P 500, Nasdaq futures climb as Iran war, inflation jitters set to send stocks to another losing week
US stock futures edged higher Friday as investors reacted to fresh remarks that appeared to dial back some of the market’s anxiety tied to the US-Isreali war with Iran. Futures linked to the Dow Jones Industrial Average (YM=F) rose 0.2%, while S&P 500 (ES=F) inched up 0.1% and Nasdaq 100 futures (^IXIC) held steady. ... As of 3:31:31 AM EDT. Market Open. ... Despite the late rebound...
Oil prices ease and Asian shares are mostly lower as energy supply worries over Iran war remain | AP News
The Iran war, which is in its third week, has sent energy prices soaring and is fueling global inflation worries. Concerns are also growing over the supply of oil and gas with the Strait of Hormuz, a crucial waterway for the energy supply located between Iran and Oman, largely closed. U.S. Treasury Secretary Scott Bessent on Thursday floated the possibility of lifting its sanctions on Iranian oil at sea in a potential attempt to ease ...
U.S. oil prices extended their decline Friday after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude stored aboard tankers, a move aimed at easing price pressures following Iran's closure of the Strait of Hormuz.
Stocks fall for a second day, but close off session lows as oil surge eases: Live updates
First-time filings totaled just ... prior period and below the Dow Jones consensus estimate for 215,000. The move brought the four-week average down to 210,750 as the low-hire low-fire labor market statis continued. Continuing claims, which run a week behind, increased by 10,000 to 1.857 million. In other economic news, the Philadelphia ...
"Near-term measures of inflation expectations have risen in recent weeks, likely reflecting the substantial rise in oil prices caused by the supply disruptions in the Middle East," Powell said at a news conference in Washington.
us stock futures: Why are US stock market index futures down today, and Dow Jones, S&P 500 and Nasdaq in red now? Wall Street futures drop, analysts insights and market outlook explained. Here's what should investors do now - The Economic Times
Dow Jones, S&P 500 and Nasdaq recovery depends on Federal Reserve signals, oil price movement, and geopolitical developments. Market direction will also depend on inflation data, corporate earnings, and investor sentiment in coming sessions. ... us stock futuresus stocksstock market todaydow jones todays&p 500 todaynasdaq todayus market todaydow jones futuress&p 500 futuresnasdaq futures · (Catch all the US News...
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