Wall Street can breathe a sigh of relief (at least through Friday’s close). Before markets opened this morning, President Trump posted on Truth Social that he would be halting attacks on Iranian energy infrastructure for the next five days in the wake of “productive conversations” between the US and Iran over the weekend. Though Iran’s Foreign Ministry promptly denied any talks had taken place, markets roared at the open. At their intraday highs, all three major averages were up over 2%. By the closing bell, the Dow and Nasdaq had both soared 1.4%, while the S&P rose 1.1%. Elsewhere, oil prices saw a much needed plunge. US Crude tumbled nearly 10% to end the day at $88 per barrel, while Brent crude prices fell 10.9% to finish just under $100 per barrel ($99.94). Prior to today’s bounce back, all three major averages were hovering around correction territory. Before the closing bell last Friday, the Russell 2000 had officially fallen 10% from its January 22nd high, while the Nasdaq and Dow were both down 9.8% from their recent highs. Trump’s Truth this morning likely saved both from entering a correction as futures were pointing to more broad losses prior to the timely social post. 📸 : Getty

Wall Street can breathe a sigh of relief (at least through Friday’s close). Before markets opened this morning, President Trump posted on Truth Social that he would be halting attacks on Iranian energy infrastructure for the next five days in the wake of “productive conversations” between the US and Iran over the weekend. Though Iran’s Foreign Ministry promptly denied any talks had taken place, markets roared at the open. At their intraday highs, all three major averages were up over 2%. By the closing bell, the Dow and Nasdaq had both soared 1.4%, while the S&P rose 1.1%. Elsewhere, oil prices saw a much needed plunge. US Crude tumbled nearly 10% to end the day at $88 per barrel, while Brent crude prices fell 10.9% to finish just under $100 per barrel ($99.94). Prior to today’s bounce back, all three major averages were hovering around correction territory. Before the closing bell last Friday, the Russell 2000 had officially fallen 10% from its January 22nd high, while the Nasdaq and Dow were both down 9.8% from their recent highs. Trump’s Truth this morning likely saved both from entering a correction as futures were pointing to more broad losses prior to the timely social post. 📸 : Getty