U.S. stocks surged for a second consecutive day as President Trump announced a timeline for withdrawing U.S. forces from Iran, sparking optimism about an end to the conflict. The Dow Jones rose 224 points to 46,565, the S&P 500 gained 0.72% to 6,575, and the Nasdaq advanced 1.16% to 21,840. Trump's statement that troops would leave Iran "within two to three weeks," regardless of negotiations, marked a significant shift in U.S. policy, driving market sentiment.
In the energy sector, the S&P 500 Energy Index fell over 4% as expectations of a ceasefire weighed on oil prices, with WTI dropping to $99 per barrel. Meanwhile, tech stocks led gains, with Intel's $14.2 billion investment in its Irish facility boosting its stock. In the crypto space, Bitcoin traded between $67,800 and $68,500, while Morgan Stanley launched a low-fee Bitcoin ETF, signaling growing institutional interest.
Additionally, SpaceX's secret IPO filing and OpenAI's record $122 billion funding round highlighted significant developments outside the geopolitical tensions. As markets digest Trump's latest speech, the April 6 deadline for potential strikes on Iran's energy infrastructure looms, keeping investors on edge.
Trump's Iran Withdrawal Timeline Fuels Market Rally
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