S&P 500 wipes out 2026 loss on Iran deal hopes
S&P 500 wipes out 2026 loss on Iran deal hopes
The S&P 500 rose 1% to its highest level since late February. Brent crude was up 3% at around $98 a barrel, paring earlier gains
Stocks closed at session highs and were back in the green for 2026 after President Donald Trump said Iran still wanted to make a deal following a deadlock in peace talks and a US blockade of the Strait of Hormuz. Meanwhile, Goldman Sachs Group Inc. shares dropped in an underwhelming start to the earnings season.
The S&P 500 rose 1% to its highest level since late February. Brent crude was up 3% at around $98 a barrel, paring earlier gains. Goldman retreated 1.9% as a revenue miss in fixed-income, currency and commodities outweighed a record haul from equities.
Equities extended their rally after Trump said Iran reached out to his administration over peace negotiations even as the US began a naval blockade of the Strait of Hormuz in the war’s seventh week.
Nifty meanwhile on the SGX is plus 177 points.
Results season has alreay started and stock on radar is