US stocks rise amid news of Iranian contacts to end the war
US stock indices rose on Wednesday, after press reports reported that Iranian intelligence agents had secretly communicated with the United States to discuss the possibility of holding talks to end the conflict, and also reinforced President Donald Trump’s assurances of the stability of Oil markets of investor sentiment.
Today’s Wall Street sessions witnessed widespread interest in shares of technology companies that suffered sharp declines in February, as Nvidia shares rose by 1.6%, Amazon by 3.4%, and Applied Digital by 9.1%.
As of 11:53 AM EST, the Dow Jones Industrial Average rose by 0.67%, and the The Standard & Poor’s 500 rose 0.88%, and the Nasdaq Composite Index rose 1.45%.
A newspaper report stated "New York Times" A day after the attacks, Iranian intelligence agents indirectly communicated with the CIA, but US officials remain skeptical about the Trump administration’s or Iran’s willingness to de-escalate in the near term.
Despite the report, the possibility of additional escalation remains, said Chris Zaccarelli, chief investment officer at the company. "Northlight" Asset Management, adding that American investors have shown relative flexibility since the start of the war.
On the other hand, shares of Oil and Gas, such as ConocoPhillips and Cheniere Energy, by 2.8% and 0.8%, respectively. The energy sector topped the list of losing sectors in the Standard & Poor’s 500 index, with a decline of 1.4%.
Several countries in the Middle East temporarily halted oil and gas production, coinciding with the United States’ efforts to expand its military campaign inside Iran, but the President’s announcement Trumpabout the possibility of using the Navy to escort oil tankers through the Strait of Hormuz has alleviated the situation.
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