The session results indicate that the selective index, the Dow Jones Industrial Average, increased by 0.75%, the technological Nasdaq rose by 1.52%, and the broad S&P500 advanced by 0.94%.
Iran has communicated, through Arab states, a desire to end the conflict with Israel after four days of exchanges, during which it suffered the most, reported The Wall Street Journal.
The newspaper, citing “European and Middle Eastern sources,” noted that Iran also intends to resume nuclear negotiations with the U.S.
This development has offered investors hope for a potential de-escalation of the conflict.
“The market is calmed by the prospect that the conflict could remain a limited war (…). However, we expect it to continue for several weeks and see a high risk of escalation, involving energy and possibly the U.S.,” stated Krishna Guha of Evercore ISI in an analytical note released by CNBC.
