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…
What we drew from this source
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S&P 500 is about 1% away from major technical hurdle at 200-day moving average near 6,640
60% confidenceIran's regime has asked the United States for a ceasefire
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% confidenceUS is facing mild stagflation from economic fallout of Iran war with slower growth and higher inflation
60% confidenceFirm will likely lower recession probability from 35% to 20% once there is clarity on Middle East conflict ending
60% confidenceIf Trump is declaring mission accomplished, then so are we regarding our stock market correction call
60% confidenceThe 6640 to 6660 zone could entice shorts to reload
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% confidenceNike took meaningful actions to improve health and quality of business but work is not finished
60% confidenceUS is blasting Iran into oblivion or back to the Stone Ages until Strait of Hormuz is open
60% confidenceOverall hiring is steady but job growth continues to favor certain industries including healthcare
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% confidenceMaintaining S&P 500 year-end target of 7,700
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% confidenceOther nations impacted by Iranian violence in Strait of Hormuz should build up delayed courage, go to the Strait, and just take it
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 |