Stocks Trim Losses on Iran Talks Hopes – US Market Wrap
Wall Street traders weighed possible outcomes of the Iran war, lifting stocks off session lows on hopes for negotiations to end the prolonged conflict. Oil rose while bonds declined.
The S&P 500 pared a drop that earlier approached 1% after President Donald Trump said top officials, including Marco Rubio and JD Vance, are involved in talks with Iran. The US and regional mediators are discussing potential high-level peace talks as soon as Thursday, pending a response from Tehran.
Trump said Iran had offered a “present” as a sign of good faith in ongoing negotiations, without providing details, though he confirmed it relates to flows through the Strait of Hormuz. Iran indicated non-hostile ships can pass through the waterway under its terms.
The 25-day conflict that has roiled global markets continued, with the US planning to deploy about 3,000 troops from the 82nd Airborne Division to the Middle East as officials consider options to ease disruptions in the Strait.
