Wall Street recovers from Friday’s shock as US stocks rise and oil prices ease
From Yahoo Finance: 2025-06-16 00:44:00
Wall Street saw a rise in stocks following Israel’s attack on Iranian targets. The S&P 500 climbed 0.9%, the Dow Jones Industrial Average rose 0.8%, and the Nasdaq composite gained 1.5%. Oil prices fell after initial spikes, but concerns remain about a potential impact on oil flow. Iran’s foreign minister hinted at U.S. intervention to end hostilities. Gold prices fell, and Wall Street faces concerns over tariffs and Fed interest rate decisions. The bond market saw a rise in Treasury yields. Sage Therapeutics and U.S. Steel saw gains, while defense contractors experienced drops. Stock markets globally rose, with gains in Hong Kong, Shanghai, South Korea, and Japan.
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