S&P 500 and Nasdaq jumped 1% amid signals of de-escalation of war with Iran
Photo: X / NYSE
Major U.S. stock indices opened March 25 with growth - the prospects of de-escalation of the conflict in the Middle East partially managed to dispel investors' fears about long-term disruptions in energy supplies through the Strait of Hormuz, writes Reuters.
Against this background, the broad index of U.S. stocks S&P 500 rose in the first minutes of trading by 1.05%, technology Nasdaq Composite - by 1.19%, the index of "blue chips" Dow Jones added 1.21%, the index of small and medium capitalization companies Russell 2000 grows by 0.45%.
The Wall Street Fear Index is at 25, losing about 4.6% relative to the previous session (any value above 20 indicates volatility in the market).
May futures for Brent are losing about 4% against the previous close and are traded at $99. WTI contracts are at $87.55 - they also show a 4% decline from the previous session. Oil quotations are holding below $100 on expectations that the talks between the US and Iran, which US President Donald Trump is talking about, will lead to the end of the war in the Middle East, Bloomberg writes, noting that such market sentiment persists despite the fact that Iranian officials continue to publicly deny any contacts with the US.
Gold is up 1.8% to $4555 an ounce. The precious metal is showing a "technical recovery," says Vice President and Senior Metals Strategist at Zaner Metals Peter Grant. Also gold prices, he says, "are supported by optimism about a possible easing of hostilities in the Middle East, which is contributing to lower oil prices" (quoted by Reuters).
"Markets see some kind of path to de-escalate the war. How soon can this materialize and translate into a peaceful resolution of the situation? Are these credible ideas really plausible, or is it just headline hype? - asks Bogart Wealth chief investment officer Alex Spencer. - Every day is a new discussion," he states (quoted by Reuters).
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