The Iran War Isn't Over, So Why Are Stocks Back Near Record Highs?
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The S&P 500 has rebounded from its war-driven sell-off and is approaching a fresh record high amid optimism for a peace deal between the US and Iran. Economic data has eased fears that higher oil prices would fuel inflation and drag on consumer spending, boosting investor confidence.
The US-Iran conflict continues, but stocks have rebounded. The S&P 500 gained 1.2% on Tuesday, boosted by optimism for a lasting agreement. The index is now just 11 points away from an all-time closing high. Economic data has eased fears of inflation and consumer spending drag. Investors are confident that corporate America had a strong first quarter. Consumer spending continued at a healthy clip last month, despite the conflict.
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