Business · Markets · 2 days ago
Wall Street indexes rise after Trump says he will delay any Iran attack
Wall Street stocks rose on Friday, and all three major indexes gained over the week.
Trump said the United States would not attack Iran before next month’s legislative elections.
Oil prices fell, easing concerns about supplies and inflation.
Lower inflation worries can help support stock prices.
Wall Street’s three main indexes ended Friday higher after Donald Trump said the United States would not attack Iran before next month’s legislative elections.
The Dow Jones Industrial Average rose 0.83% to 51,654.95.
The S&P 500 gained 0.59% to 7,811.54, and the Nasdaq Composite advanced 0.64% to 27,366.17.
Oil prices fell after Trump’s announcement, easing concerns about supply and improving the outlook for inflation.
All three indexes recorded weekly gains.
- Who
- Wall Street investors and the three main US stock indexes.
- What
- The Dow, S&P 500 and Nasdaq rose after Donald Trump said the United States would not attack Iran before next month’s legislative elections.
- When
- Friday; Trump made the announcement the previous day.
- Where
- Wall Street, United States.
- Why
- Trump’s announcement eased concerns about the war with Iran and oil supplies, improving the outlook for inflation.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Trump said the United States would not attack Iran before the next month’s legislative elections.
The three main Wall Street indexes ended the session higher.
- Dow Jones
- Rose 0.83% to 51,654.95
- S&P 500
- Rose 0.59% to 7,811.54
- Nasdaq Composite
- Rose 0.64% to 27,366.17
- Oil prices
- Fell after Trump’s announcement
- Weekly Dow Jones gain
- 0.96%
Sources
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