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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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If you blinked, you might have missed it: U.S. stocks are largely green again. The S&P 500 is up by 1.1% as of 2 p.m. ET, aiming for the eighth positive daily move in the last nine market days. The Nasdaq-100 index is jumping even higher with a 1.6% gain…
Wall Street hit a fresh all-time high on Wednesday as investors grew more optimistic that the US-Israel war on Iran is nearing an end.
The benchmark S&P 500 broke above 7,000 points for the first time in history, rising 0.8% on the day to close at 7,022.95. The tech-heavy Nasdaq gained 1.6% to 24,016.02, also reaching a record high, while the Dow Jones industrial average was broadly flat.
The S&P 500 has led a bullish recovery across the three main US indices, erasing losses from the early days of the conflict. The index has climbed notably since the US and Iran announced a two-week ceasefire deal last week.
In an interview on Wednesday, Donald Trump said the war was “very close to over,” adding that he believed Iran “want[s] to make a deal very badly.”
Later, the White House denied that it had requested an extension to the ceasefire, which is set to end on 22 April. It said talks had been “productive and ongoing.”
Quarterly earnings from Bank of America and Morgan Stanley helped underpin the day’s optimism. Both banks beat trading estimates, which investors interpreted as evidence of economic resilience amid the conflict.
Brian Moynihan, CEO of Bank of America, said: “The consumers are spending, the credit quality is very good and improving, and you see the corporate clients actually use their lines a little bit more.” He added that while uncertainty remains, “right now, the US companies and consumers are doing well.”
Markets also appeared largely unfazed by earlier reports that the US would conduct its own blockade of the strait of Hormuz, through which a fifth of the world’s oil and gas products typically pass. The reports said the US would block Iranian shipping after peace talks with Tehran collapsed over the weekend.
According to the Wall Street Journal, the US has since sent 15 warships and possibly thousands of US servicemembers to block ships from passing through.
Brent crude oil fell 10% after the ceasefire was announced, trading around $95. Despite the drop, Brent remains about 35% higher than before the conflict.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
