The New York Stock Exchange opens sharply higher on Tuesday, buoyed by renewed hope on the geopolitical front.
The Dow Jones Industrial Average is up by +1.13% to 45,727 points. The S&P 500 gains +1.11% to 6,414 points. The Nasdaq Composite advances by +1.32% to 21,069 points.
The movement is driven by an article in the Wall Street Journal indicating that Donald Trump may be inclined to end the military campaign in Iran, even without full reopening of the Strait of Hormuz. This perspective supports the market, despite the White House’s communication still being inconsistent.
However, the rebound remains fragile. Oil continues to rise, with Brent around $118.6, up more than 5% on the session. The war continues to fuel inflation fears and weighs on the monthly trend: American indices are expected to close the month significantly lower.
In this context, volatility remains high. As Mark Malek points out, the market reacts primarily to signals of calming, even if only partial.
In terms of stocks, Marvell Technology rises by +9.5% after a $2 billion investment from Nvidia.
Conversely, McCormick & Company falls by 10%, affected by advanced discussions with Unilever regarding a consolidation of their food businesses.
The market remains dependent on geopolitical developments, with a technical rebound but still little visibility.
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