Wall Street scored an explosive rally after the US-Iran truce announcement. Dow Jones was launched 2.79% at 47,882,62 units, S&P 500 won 2.34% and Nasdaq was strengthened 2.76%. Trump told Truth Social that he agreed to suspend the bombings for two weeks, while Iran agreed to open the Strait of Hormuz. Oil prices collapsed over 16%, with energy shares retreating, while Nvidia, Amazon and Tesla made profits over 2–3%.
Analyticalally:
In an explosive rally, the main indicators of the American stock exchange are served after the announced truce between the US and Iran that cultivates relief on the markets, despite reports of attacks in Lebanon, but also in Gulf countries.
The Dow Jones industrial index is launched 1,298 units or 2.79% at 47,882,62 units, while the S&P 500 is jumping 2.34% at 6,771,48 units and the Nasdaq technology is reinforced by 2.76% at 22,625,675 units.
Oil prices move downward, with the American slow type WTI knowing a dip of over 17% at $93.42 a barrel, while Brent retreated by 16% at $91.65 a barrel.
"I agree to suspend the bombings and attack on Iran for a period of two weeks," Trump wrote to Truth Social. "We received a 10-point proposal from Iran and we believe it is a functional basis for negotiations," he pointed out.
Meanwhile, as far as the Strait of Hormuz is concerned, Iran's Supreme Council of National Security has agreed to reopen the waterway for two weeks, after all attacks have ceased, according to a statement from Iran's Foreign Minister.
The shares under pressure this year are currently recording profits, with the "giants" Nvidia and Amazon rising over 3% each, Tesla over 2%, while the shares of JPMorgan and Boeing earn more than 4%.
On the other hand, energy shares that have risen since the start of the conflict are retreating, with Exxon Mobil losing 6% and Chevron 5%.
