Stocks Climb as Trump Hints War Could Be Over Soon | Closing Bell
Watch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. Wall Street staged a dramatic comeback, with stocks and bonds rebounding on hopes the 10-day-old Iran war may be nearing a conclusion. Oil tumbled in post-settlement trading after earlier topping $100. The S&P 500 climbed 0.8% as President Donald Trump told CBS the conflict is “very complete, pretty much” and the military operation is “very far” ahead of its initial four- to five-week timeframe. The equity benchmark erased an intraday loss of over 1.5% for the first time since April. US crude dropped to around $87 in late hours. Ten-year Treasury yields halted a five-day increase. The whipsaw session underscored how exposed markets remain to every development in the Middle East conflict, with a single headline enough to reverse billions of dollars in losses. Volatility shows no signs of letting up as investors weigh a fast-shifting geopolitical conflict with no clear trading playbook. A wild ride in energy markets continued on Monday, with oil rocked by intense prices swings as traders parsed through all the moves in Iran and the impacts on global supplies. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: / bloombergradio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: / bloombergpodcasts Bloomberg Television: / @markets Bloomberg Originals: / bloomberg Quicktake: / @bloombergquicktake
