Stocks jump, oil craters, Trump bashes Iran-Israel: Live Updates
A relief rally is underway on Wall Street with stocks surging, as oil falls below the $65 per barrel level and gold prices retreat amid a de-escalation between Iran-Israel. Still, President Trump blasted the two countries in a fiery rant. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Coverage for this event has ended.
Traders work on the floor of the New York Stock Exchange in New York City. (Reuters)
Stocks closed higher on Tuesday after investors eyed the ceasefire between Israel and Iran.
The Dow Jones Industrial Average surged 507.24 points, or 1.19%, led by Intel, Salesforce and American Express. The S&P 500 and Nasdaq Composite climbed 1.11% and 1.43%, respectively.
Meanwhile, oil prices tumbled more than 5%. West Texas Intermediate crude futures traded at around $65 per barrel while Brent crude futures, the international benchmark, traded at around $67 a barrel.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| INTC | $22.59 | 1.40 | 6.58 |
| CRM | $272.30 | 8.89 | 3.37 |
| AXP | $308.43 | 8.79 | 2.94 |
| Symbol | Price | Change | %Change |
|---|---|---|---|
| MCD | $291.47 | 1.95 | 0.67 |
| DNUT | $2.60 | -0.02 | -0.76 |
You will no longer be able to get a donut when you visit a McDonald's because the two chains are calling it quits.
The tech-heavy Nasdaq 100 index hit all-time high as stocks continue their recovery from the April Liberation Day selloff. The index, 100 of the Nasdaq's most important companies, has gained 15% this quarter.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| INTC | $22.63 | 1.44 | 6.80 |
| NVDA | $147.47 | 3.31 | 2.29 |
| AMD | $138.12 | 8.54 | 6.59 |
Semiconductor stocks are among the leaders including Nvidia, Intel and AMD.
Bank of America CEO Brian Moynihan weighs on the Middle East conflict may impact the U.S. economy.
Federal Reserve Chairman Jerome Powell took questions from members of Congress about when policymakers may cut interest rates.
President Trump, for his part, has not let up in his repeated verbal bashing of the Fed head.
Trading Economics
West Texas Intermediate crude continued its pullback as tensions between Iran and Israel eased amid a ceasefire. Crude has lost nearly 15% over the past three days.
Oil, which it a high of $76 per barrel at the start of the conflict over the weekend, is now trading below $65 per barrel.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| XOM | $108.76 | -2.98 | -2.66 |
| CVX | $144.12 | -2.74 | -1.87 |
| COP | $89.72 | -1.99 | -2.17 |
| USO | $72.95 | -3.46 | -4.53 |
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