Investors’ wartime jitters are subsiding.
Oil prices are slipping and U.S. stocks are advancing, led by the tech-heavy Nasdaq
Indexes around the world are also mostly higher. Treasury yields are slightly lower. Most Read from The Wall Street Journal The moves follow President Trump’s comments yesterday that Iran called him seeking a deal, signaling that at least one, if not both, countries would prefer to end the fighting that has broken out this week.
The U.S. and Iran exchanged fire again last night, with Washington saying it struck 90 military targets. With tensions potentially softening, traders are turning some of their attention back to the artificial intelligence trade ahead of the debut of SK Hynix’s U.S.-listed shares tomorrow. The South Korean chip giant is expected to price its offering later today.