Market activity on Wall Street reflected positive movement following decreased fears of a global conflict after Israel's attacks on Iran and Tehran's missile response.
Markets Respond to Diplomatic Signals from Iran
The S&P 500 recently exceeded the 6,000-point mark, indicating a decline in the fear of potential conflict. After Israel's attack on Iran, the situation began to shift as Iran indicated a willingness to negotiate, provided the U.S. does not intervene. The market reacted positively: the Dow Jones increased by 494 points, the Nasdaq by 1.5%, and the S&P 500 also rose by 1.2%.
Situation Surrounding the Nuclear Agreement
Iran is also drafting a bill to exit the Nuclear Non-Proliferation Treaty. At a press briefing, Foreign Ministry spokesman Esmaeil Baghaei confirmed that the draft is underway but noted that it is not final. According to Baghaei, recent events such as the attack by Israel necessitate an appropriate response.
Economic Indicators and Fed Expectations
Despite new manufacturing data coming in weaker than expected, the market continues to rise. Traders are anticipating that the Federal Reserve will keep interest rates unchanged during its meeting on Wednesday.
Overall, the current events in the Middle East and the reaction of financial markets suggest a more stable atmosphere for investors than may have been expected given the recent escalation of conflict.
