S&P 500 Rises As Oil Sinks On Iran Talk Hopes: Stock Market Today
U.S. stocks rose at midday Friday in a broad-based rally, with the Dow up around 0.5% and the S&P 500 gaining 0.4%, as a roughly 4% slide in oil prices cooled the inflation and rate-hike anxieties that had gripped markets all week. The Wall Street Journal reported that Bahrain and Kuwait warplanes had struck sites inside Iran, and Iranian commanders issued fresh threats, even as Pakistan and Iran were said to be exploring a China-brokered path back to talks with Washington. That was enough to spark a broad relief rally, although momentum began to fade into midday trading as uncertainty lingered and next week’s Federal Reserve decision loomed. Crude tumbled as the war premium deflated. West Texas Intermediate fell about 4.3% to near $88.25 a barrel, while Brent slid roughly 5% to around $95.65. Energy Price Easing Ripples Into Rates The yield on the 10-year Treasury note edged do...
S. 4%, as a roughly 4% slide in oil prices cooled the inflation and rate-hike anxieties that had gripped markets all week. The Wall Street Journal reported that Bahrain and Kuwait warplanes had struck sites inside Iran, and Iranian commanders issued fresh threats, even as Pakistan and Iran were said to be exploring a China-brokered path back to talks with Washington. That was enough to spark a broad relief rally, although momentum began to fade into midday trading as uncertainty lingered and next week’s Federal Reserve decision loomed.
Crude tumbled as the war premium deflated. 65. 67%, pausing a four-session rally that had lifted the benchmark to its highest level since January 2025. 15%.
4% to 28,341, pressured by chip weakness and concerns over AI overspending among hyperscalers. Rate-hike jitters nonetheless remained a backdrop. Ahead of next Wednesday’s Federal Reserve meeting, markets were pricing roughly a 35% probability of a rate hike, with the odds of a September hike near 80%. S.
services activity accelerating to an eight-month high while price pressures intensified. 2%. 4%. 5%.
4%. 2%. Rate-Sensitives And Airlines Fly, AI Chips Get Grounded The rally was led by rate-sensitive corners of the market. 0%.
8%. 4% on the chip selloff. Cheaper crude and lower yields powered the day’s biggest industry moves. S.
S. 3%. on the drop in mortgage-sensitive rates. 4%.
Earnings Drive Standout Single-Stock Moves Digital Realty Trust Inc. 5% after the data-center REIT reported strong quarterly results. Booz Allen Hamilton Holding Corp. 2%.
1%, helping explain the resilience in oil-services names, while SS&C Technologies Holdings Inc. (NASDAQ: SSNC ) rose about 10%. In health care, Tenet Healthcare Corp. 1% amid strength in hospital operators after HCA Healthcare Inc.
(NYSE: HCA ) topped estimates. RingCentral Inc. 9% and Fermi Inc. 7%.
On the Downside Optical and AI-connectivity chipmakers bore the brunt of the AI-spending worries. Astera Labs Inc. 7%, Coherent Corp. 3%, and Applied Optoelectronics Inc.
1%, all caught in the AI-infrastructure retreat. Among other reporters, American Express Co. 6%, the worst Dow performer, after its second-quarter results disappointed, while Verizon Communications Inc. (NYSE: VZ ) rose about 2% on a subscriber-growth beat.
Intel Corp. (NASDAQ: INTC ) slipped about 1% despite posting its fastest revenue growth in 17 years. Chip sentiment also drew attention after Qualcomm Inc. ” Friday’s Russell 1000 Top Gainers Name % change RingCentral Inc.
94% Tenet Healthcare Corp. 07% Fermi Inc. 66% Digital Realty Trust Inc. 53% Booz Allen Hamilton Holding Corp.
97% Astera Labs Inc. 70% Coherent Corp. 32% Applied Optoelectronics Inc. 14% Image: Shutterstock