Stocks Rise on Prospects of Middle East Peace Deal
Global stock markets surged on Friday as speculation grew about a potential peace deal between the US and Iran, ending the US-Iran war. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average all hit new highs, while crude oil prices fell sharply due to eased tensions. The decline in oil prices reduced inflation concerns and lowered the 10-year T-note yield.
Topics: geopolitical_relations market_sentiment middle_east oil_prices stock_market