Wall Street rallies on renewed hopes for US-Iran talks, earnings boost - Reuters
Wall Street rallies on renewed hopes for US-Iran talks, earnings boost Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
""We don't have a resolution yet but investors don't want to miss the rebound.""
— Burns McKinney , Executive
""The market is kind of moving past this concept of peak uncertainty.""
— Anthony Saglimbene , Executive
"The shift in the U.S.-Iran conflict from missiles to words leaves markets hoping for a beginning to the end of the war."
— Bob Savage , Executive
"The earnings season will help investors shift their focus from the macro to the micro."
— Art Hogan , Executive
"I can tell you that we've been called by the other side."
— Donald Trump , Politician
"increasingly complex set of risks"
— Jamie Dimon , Executive
Key People
Chief Market Strategist at Ameriprise Financial.
Art Hogan is the chief market strategist at B Riley Wealth.
Head of markets macro strategy at BNY.
Burns McKinney is a portfolio manager at NFJ Investment Group in Dallas.
Former president of the United States known for his aggressive economic policies.
Jamie Dimon is the CEO of JPMorgan Chase.
CEO of United Airlines.
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<a href="https://news.google.com/rss/articles/CBMitwFBVV95cUxQWnl4MW04VzZlWE1mWVBMdFdCQWFwZjNoQmZuSU5lVkRIaWgyQ3czMFkzcEJlMmhEdVpkZmVwdll0MEl1VjA3emZoWkJyNlFZcl9UNlVpZTRsVWJSRXF0VTdDb2ZSbFFyWjJXMEFwN2wxa0h5Q05VRnFOVTVCQzA2ampLcWhZeEVLZVcwUXhJNTJPMU5xWjJUcEYybGFWS0ExMzgwWlo1azBEMzhFNG9Zc1FCMGxlRjQ?oc=5" target="_blank">Wall Street rallies on renewed hopes for US-Iran talks, earnings boost</a> <font color="#6f6f6f">Reuters</font>
Wall Street's main indexes advanced as reports of fresh efforts to resolve the Middle East conflict boosted sentiment and investors assessed the latest batch of bank earnings and U.S. inflation readings. Talks to end the Iran war could resume in Pakistan over the next two days, U.S. President Donald Trump told the New York Post on Tuesday, after the collapse of weekend negotiations prompted Washington to impose a blockade on Iranian ports.
Wall Street was on track to extend its rally and oil prices fell as expectations rose over a possible second round of talks between the U.S. and Iran to end their war. Futures for the S&P 500 rose 0.3% before the opening bell, while futures for the Dow Jones Industrial Average ticked up 0.1%. Nasdaq futures climbed 0.5%. Investors are still hopeful for a lasting de-escalation of the Iran war, which is in its seventh week, as the U.S. and Iran are said to be weighing a second round of talks before a temporary ceasefire agreement expires next week.
Wall Street's main indexes advanced after reports of fresh efforts to ease the Middle East conflict boosted sentiment, while traders also assessed a spate of corporate earnings. Delegations from the U.S. and Iran could resume talks in Pakistan to end the war this week, sources told Reuters. U.S. President Donald Trump also said Iran wanted to make a deal.
Wall Street's main indexes and the S&P 500 neared its record closing high as investors were optimistic about prospects to resolve the Middle East conflict while they assessed the latest batch of bank earnings and U.S. inflation readings. Talks to end the Iran war could resume in Pakistan over the next two days, U.S. President Donald Trump told the New York Post on Tuesday, after the collapse of weekend negotiations prompted Washington to impose a blockade on Iranian ports.
European markets opened higher on Tuesday morning, tracking Asian and Wall Street gains, as oil prices fell on expectations that a possible second round of talks between the US and Iran would end the Iran war. Trading on Tuesday began with high expectations that the Iran war is inching to a close, fueling gains across major stock markets and pushing oil back under $100 a barrel.
Wall Street's main indexes and the S&P 500 neared its record closing high as investors were optimistic about prospects to resolve the Middle East conflict while they assessed the latest batch of bank earnings and U.S. inflation readings. Talks to end the Iran war could resume in Pakistan over the next two days, U.S. President Donald Trump told the New York Post on Tuesday, after the collapse of weekend negotiations prompted Washington to impose a blockade on Iranian ports.
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