Wall Street soars as traders bet on potential war off-ramp
By Noel Randewich and Purvi
Agarwal
It must have been right around 12:30 pm that Trump told the Wall Street Journal that he was no longer holding the Strait of Hormuz as a condition for ending the war and Iranian media itself reported that the Iranian leader was now open to negotiation. For it was at that moment that all three indexes zoomed through the roof. The war has caused the biggest quarterly decline in four years and today saw the biggest one-day gain since last May.