U.S. Markets Rise as Trump Extends Iran Negotiation Deadline
U.S. stocks closed higher on Friday, with investors cautiously optimistic. The Dow Jones Industrial Average,S&P 500,and Nasdaq all saw gains. President donald Trump’s declaration of a two-week negotiation window with Iran contributed to the market’s positive swing.
The markets were off on Thursday for Juneteenth. On reopening, the Dow climbed modestly. The S&P 500 and Nasdaq also posted mild increases. Trump’s diplomatic approach and hints at a Federal Reserve interest rate cut spurred optimism.
The geopolitical landscape remains tense, with ongoing conflicts between Israel and Iran. Stocks had dipped on Wednesday amid worries about U.S. involvement. However, a U.S. government statement postponed any actions against Iran, allowing for negotiations.
Financial expert Jesse Cohen noted that if Trump decides to act militarily against Iran, he might wait until after 4 PM ET on Friday. This timing would minimize the impact on Monday’s market opening.
bitcoin prices rose from $104k to over $106k. Analysts at QCP Capital warn that volatility is not over. “Markets are adapting to geopolitical news and reevaluating risk. Expect more fluctuations,” they noted.
Oil prices are also affected by this geopolitical turmoil.Traders worry that Iran blocking the Strait of hormuz could lead to supply disruptions and soaring oil prices.
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