Stock market today: Dow, S&P 500, Nasdaq extend rally for 2nd day on hopes of Iran war deescalation
View original at finance.yahoo.comStock market today: Dow, S&P 500, Nasdaq extend rally for 2nd day on hopes of Iran war deescalation US stocks gained on Wednesday following a powerful rally across Wall Street to wrap up the first quarter, while investors weighed remarks from Trump indicating he may be winding down hostilities against Iran…
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S&P 500 is about 1% away from major technical hurdle at 200-day moving average near 6,640
60% confidenceFirm will likely lower recession probability from 35% to 20% once there is clarity on Middle East conflict ending
60% confidenceMaintaining S&P 500 year-end target of 7,700
60% confidenceThe 6640 to 6660 zone could entice shorts to reload
60% confidenceThe Iran war won't last much longer and US involvement could end within two to three weeks
60% confidenceIran has the necessary will to end this war under certain conditions
60% confidenceNike took meaningful actions to improve health and quality of business but work is not finished
60% confidenceOther nations impacted by Iranian violence in Strait of Hormuz should build up delayed courage, go to the Strait, and just take it
60% confidenceIran's regime has asked the United States for a ceasefire
60% confidenceUS is blasting Iran into oblivion or back to the Stone Ages until Strait of Hormuz is open
60% confidenceUS may end war with Iran even if Strait of Hormuz remains closed
60% confidenceS&P 500 could reach 7,300 by June 2026 and 7,700 by end of 2026
60% confidenceIf Trump is declaring mission accomplished, then so are we regarding our stock market correction call
60% confidenceTrump set to announce US involvement in Iran war is winding down and other countries need to handle reopening of Strait of Hormuz
60% confidenceOverall hiring is steady but job growth continues to favor certain industries including healthcare
60% confidenceUS is facing mild stagflation from economic fallout of Iran war with slower growth and higher inflation
60% confidenceGlobal stock markets will end the year higher than they are today
60% confidenceWill consider ceasefire when Hormuz Strait is open, free, and clear
60% confidenceNike turnaround is proving challenging with external factors including Middle East war and tariffs affecting input costs
60% confidence
Data points we hold from this source
| Dow Jones Industrial Average · daily change percent | 0.48 percent |
| S&P 500 · daily change percent | 0.72 percent |