Wall Street ends higher as Middle East peace talks lift sentiment
By Stephen Culp and Avinash
P
Thu April 9, 2026
Yesterday’s disruptions to the cease-fire quite predictably caused all three indexes to open down this morning, the Dow a minus 220 by 11 a.m. But the markets then began a recovery likely sparked by Israel seeking talks with Lebanon and continued optimism that the Iran agreements would hold, particularly the promise to temporarily reopen the Strait of Hormuz which Iran had initially promised would happen today.
Keeping in mind that the pre-war daily average for ships passing through the strait is 138, as of Tuesday that was down to 10. But hopes abound which has now brought oil down to under $100/barrel but there was also the bad news of both GDP and PCE growing slower than expected and prices remaining up, plus the Fed now considering raising rates again to counter the impact of the war. At 17 billion, volume came down today considerably below the 19.38 average.
DJ: 47,909.92 +1,325.46 NAS: 22,634.99
+617.14 S&P: 6,782.81
+165.96 4/8
DJ: 48,185.80 +275.88 NAS: 22,822.42
+187.42 S&P: 6,824.66
+41.85 4/9
No comments:
Post a Comment