Impact of US-Iran war de-escalation on markets
after close1 source ↓written by the desknot a recommendation
US President Donald Trump hinted at winding down military operations in Iran, leading to a recovery in the US stock market, with the S&P 500 gaining around $900 billion in market cap. This development is likely to lower crude oil prices, positively impacting the Indian stock market, which is expected to open flat to gap up on Monday. 📈
• S&P 500 finished at 6,506 after hitting a low of 6,473.
• Despite recovery, it lost $1 trillion in market cap last week.
Lower oil prices could reduce import bills, benefiting the global economy.
Not investment advice. For informational purposes only.