The Dow Jones jumped to a record high. UAE asks Trump not to resume war with Iran

The main U.S. stock indices began trading on Ma. 22 in the plus, with the Dow Jones jumped by 0.7%, reaching a new intraday record. Shares are supported by the decline in yields of Treasury bonds, writes CNBC. Despite the increased volatility of recent days on the background of bond sales and oil price hikes, Wall Street is preparing to end the week with growth, the channel notes.

The yield on the benchmark 10-year Treasury note fell three basis points on Ma. 22, falling to about 4.55%. The yield on 30-year securities also lost three basis points and traded around 5.07%.

Oil rose on Friday but retreated from the peaks reached earlier in the week. Futures for Mark Brent added about 2%, but are still short of the $105 per barrel mark. North American WTI was trading at around $98 per barrel.

Traders are hoping for a resolution to the Iranian crisis, CNBC explains. Bloomberg sources told Bloomberg that the United Arab Emirates has stepped up efforts to end its war with Iran in recent days, joining Saudi Arabia and Qatar in urging U.S. President Donald Trump to give talks a chance. According to the agency's interlocutors, the Gulf states fear that if hostilities resume, Tehran's retaliation would plunge the region's economies into chaos.

"Our view on the Iran situation remains the same: a deal is far more likely than not, but it's already priced in, and the conflict will have stagflationary implications for at least the next few quarters," wrote Vital Knowledge founder Adam Crisafulli, as quoted by CNBC.

This article was AI-translated and verified by a human editor