Market Highlights

Wall Street saw a volatile session, with stocks and oil whipsawing as traders parsed mixed signals about prospects for a US - Iran deal to end the war and revive energy flows through the key Strait of Hormuz . The S&P 500 almost erased its drop after President Donald Trump said he called off plans to attack Iran on Tuesday because “serious negotiations are now taking place” on reaching an agreement . A rally in oil eased after the settlement . While bond moves were subdued compared with the rout that swept markets Friday , global yields hovered near multi - year highs as still elevated energy prices stoked inflation worries .

A selloff in global bonds halted a rally in stocks, with concern intensifying that central banks will be forced to tighten policy to keep inflation in check amid persistently elevated oil prices. In the worst session for equities since March, the S&P 500 fell 1.2%. A gauge of chipmakers — which had led a surge from war-driven lows — sank 4%. US 10-year yields topped 4.5% while those on Japan’s 30-year debt hit 4% for the firsttime. In the UK, a political crisis lifted long- bond rates to a 28-year high. The dollar extended this week’s gain. US crude settled above $105. A selloff in global bonds extended as the deadlock over the Iran war drove oil prices higher, fueling inflation concerns and raising bets that central banks will need to keep tightening policy

A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns. US crude settled around $98, with the near-halt of traffic through the waterway reigniting worries about further energy disruptions. The Treasury market, which has priced out the odds of Federal Reserve rate cuts this year amid the Middle East conflict, saw an increase in yields. A rally in chipmakers drove the S&P 500 to another closing high, but most of the gauge’s shares fell. Oil rose after President Donald Trump cast doubt on the Iran ceasefire, fueling concern that the closure of the Strait of Hormuz will be prolonged. Asian stocks retreated after calls in South Korea for a dividend using taxes on AI profits.

Investors riding a scorching run of market momentum are likely to face a reality check when trading resumes in Asia after President Donald Trump rejected the latest peace offering. Trump labeled Iran’s latest response to his proposal to end the 10-week conflict with the US is “TOTALLY UNACCEPTABLE.” Iran offered to transfer some of its stockpile of highly enriched uranium to a third country in its response to the latest US proposal to end 10 weeks of war, but rejected the idea of dismantling its nuclear facilities, the Wall Street Journal reported. Iran disputed the report, according to Iran’s semi-official news agency Tasnim Oil prices jumped and Treasuries fell after US President Donald Trump and Iran rejected each other’s latest proposals to end the war in the Middle East. Asian stocks climbed as traders doubled down on the AI trade.

A rally that drove stocks to record highs faltered and oil whipsawed as doubts resurfaced about an imminent US-Iran deal that would revive energy flowsthrough the key Strait of Hormuz. Following the biggest gain in a month, the S&P 500 fell. In a volatile session, US crude settled near $95 a barrel after a slide that had earlier driven it below $90. The Trump administration is looking to restart the initiative to guide stranded ships though the vital energy waterway it had paused earlier this week, the Wall Street Journal reported. Stocks pulled back on the finaltrading day of the week and crude oil rose as escalating Middle East tensions revived concerns over energy supplies, testing the durability of a record- breaking rally

Stocks climbed around the world, joining gains in bonds as oil retreated on hopes the US and Iran are nearing a deal to end a war that has jolted markets and clouded the economic outlook . Stronger risk appetite drove equities to record highs, lifting the S&P 500 by 1.5%. Solid corporate earnings also buoyed sentiment, with Advanced Micro Devices Inc . leading a rally in chipmakers . US crude settled around $95 , easing inflation concerns . Gold jumped . Treasury yields slipped as bets on Federal Reserve rate hikes receded . The dollar fell to pre - war levels .

Relative calm returned to global markets, with stocks rising and oil falling as signs that aUS Iran ceasefire is still in place reduced fears about a full-scale war that could hamper the economic outlook . The bounce in equities drove the S&P 500 to all-time highs asWashington played down the prospect of an active conflict with Tehran a day after an escalation of hostilities over the Strait of Hormuz .While crude prices remained elevated amid a blockade of the key energy chokepoint, Brent settled below $110. In late hours ,Advanced Micro Devices Inc .gave a solid outlook .

A rally inoil drove both stocks and bonds lower on concerns that an escalation of hostilities over the Strait of Hormuz will keep energy costs elevated, fueling global inflation risks . Equities dropped from all-time highs as Brent crude jumped about 6%, topping $114. The US and Iranexchanged fire in the Persian Gulf amid a flare-up of violence that also drew in the United Arab Emirates .With oil prices not far from a four-year peak, the decline in Treasuries sent 30-year yields above 5%.

Stocks rallied, with Asian shares climbing toward all-time highs, on optimism around the artificial intelligence trade and stronger-than-expected earnings from megacap tech companies .The yen briefly spiked higher. Futures for the S&P 500 and the Nasdaq 100also gained after theWall Street gauges closed at new highs on Friday on earnings from major tech companies including Apple Inc . European shares were also primed for gains at the open .

Equities hit fresh highs, with the S&P 500 extending its April surge to 10%as data showed US growth accelerated amid anAI-driven upswing inbusiness investment .Agauge of small firms, whose fortunes are tied todomestic activity, added 2.2%.Adrop inoil helped sentiment, lifting bonds . The yen climbed on reports of Japan intervention . In late hours, Apple Inc . reported revenue that topped estimates, helped by demand for the iPhone and Mac .Oil surged to the highest level in almost four years amid growing pessimism about efforts to end the Middle East con flict. Stocks swung to losses after earlier getting a boost from megacap tech earnings.