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Wall Street 30 Slips 179 Points in Mixed Session on Iran Talk Hopes

Wall Street 30 fell 179 points on April 24 as S&P 500 rose 0.25% and Nasdaq climbed 1.2% on renewed US-Iran diplomatic optimism, despite elevated oil above $95/bbl tempering gains. Volatility surged since April 13's Hormuz blockade triggered a 200+ point drop (0.5%) and Brent spike to $100/bbl, followed by April 16's 1,100-point (+2.2%) reopen rally, April 20's 1% dip on 6-7% oil surge, April 22's 620-point (+1.8%) ceasefire rebound, and April 23's 300+ point plunge as talks stalled with VIX above 22. Persistent tensions keep futures swinging ahead of data.

Category

Wall Street 30

Sentiment

Mixed

Event

Market commentary

Reading time

1 min