Stocks Climb as Trump Hints War Could Be Over Soon | Closing Bell

Описание: Watch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Wall Street staged a dramatic comeback, with stocks and bonds rebounding on hopes the 10-day-old Iran war may be nearing a conclusion. Oil tumbled in post-settlement trading after earlier topping $100.

The S&P 500 climbed 0.8% as President Donald Trump told CBS the conflict is “very complete, pretty much” and the military operation is “very far” ahead of its initial four- to five-week timeframe. The equity benchmark erased an intraday loss of over 1.5% for the first time since April. US crude dropped to around $87 in late hours. Ten-year Treasury yields halted a five-day increase.

The whipsaw session underscored how exposed markets remain to every development in the Middle East conflict, with a single headline enough to reverse billions of dollars in losses. Volatility shows no signs of letting up as investors weigh a fast-shifting geopolitical conflict with no clear trading playbook.

A wild ride in energy markets continued on Monday, with oil rocked by intense prices swings as traders parsed through all the moves in Iran and the impacts on global supplies. 

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