Markets Rebound as Trump Signals War Nearing End; Oil Prices Retreat

U.S. stocks staged a strong comeback Monday after President Donald Trump suggested the conflict in the Middle East was “pretty much complete,” easing investor concerns.

The Nasdaq Composite jumped 1.4%, the S&P 500 rose 0.8%, and the Dow Jones Industrial Average gained 0.5%, recovering from earlier sharp losses. The Dow finished nearly 240 points higher after being down almost 900 points earlier in the session.

Oil markets also stabilized. West Texas Intermediate Crude futures, which briefly surged above $119 per barrel, reversed course and fell about 6% to $85 after G7 finance ministers signaled they could release strategic reserves to ease supply concerns.

Energy price relief boosted travel stocks, including Delta Air Lines, United Airlines Holdings, and American Airlines Group, while cruise operators Carnival Corporation and Royal Caribbean Group also rebounded.

Meanwhile, the yield on the U.S. 10-Year Treasury Note eased to 4.10%, as investors weighed rising oil prices and a slightly higher U.S. unemployment rate of 4.4%, which could increase stagflation risks.

In commodities, Gold Futures slipped slightly to $5,140 per ounce, while Silver Futures surged 3%. Bitcoin traded near $69,200.

Corporate news also lifted markets, with Hims & Hers Health shares soaring 44% after announcing a partnership with Novo Nordisk to sell weight-loss drugs on its platform.