Wall Street ends higher on speculation about end to Iran war

Record ID: 2372335

  • Title: Wall Street ends higher on speculation about end to Iran war
  • Date: 1st April 2026
  • Summary: ALLENTOWN, PENNSYLVANIA, UNITED STATES (APRIL 1, 2025) (REUTERS) (SOUNDBITE) (English) CFRA RESEARCH, CHIEF INVESTMENT STRATEGIST, SAM STOVALL, SAYING: "Well what I think we're seeing today with stocks is a follow through to yesterday's explosive move to the upside based on the prospects that the war may soon be coming to an end. We've been seeing a lot of these cyclical s
  • Embargoed:
  • Keywords: Iran NYSE Strait of Hormuz oil rally
  • Location: NEW YORK, NEW YORK + ALLENTOWN, PENNSYLVANIA, UNITED STATES
  • City: NEW YORK, NEW YORK + ALLENTOWN, PENNSYLVANIA, UNITED STATES
  • Country: US
  • Topics: Economic Events,North America
  • Reuters ID: LVA002935201042026RP1
  • Aspect Ratio: 16:9
  • Story Text: Wall Street ended higher on Wednesday (April 1), with strong gains in Alphabet and other heavyweights, after U.S. President Donald Trump suggested an end to the Middle East conflict could be close.
    The U.S. will be "out of Iran pretty quickly" and could return for "spot hits" if needed, Trump told Reuters, hours before he was scheduled to address the nation about the war.
    Technology-related heavyweights rallied, with Alphabet, Meta Platforms and Amazon all higher.
    Wall Street has rallied for two straight days as investors speculated that the U.S. and Israeli war on Iran will end soon. Energy prices have spiked in the latest month, sparking fears of global inflation, as the conflict choked the flow of oil through the Strait of Hormuz.
    Even after recent gains, the S&P 500 is trading at under 20 times expected earnings, its lowest earnings multiple in 10 months, according to LSEG data.
    The S&P 500 gained 46.80 points, or 0.72%, to end at 6,575.32 points, while the Nasdaq Composite gained 250.32 points, or 1.16%, to 21,840.95. The Dow Jones Industrial Average rose 224.23 points, or 0.48%, to 46,565.74.
    (Production by: Lisa Bernhard, Dan Fastenberg)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2026. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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