"The White House believes it's getting close to an agreement with Iran on a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations. The U.S. expects Iranian responses on several key points in the next 48 hours."
"If Iran does not accept the terms of the deal, President Trump also said Iran will be bombed 'at a much higher level.'"
"Shares of Advanced Micro Devices are up 16%, or by $57 a share, on earnings. EPS of $1.37 came in above estimates of $1.29."
Oil prices fell by $11 as the market responded to the fluctuating status of the war, with the S&P 500, Dow, and Nasdaq all rising. The White House is reportedly nearing an agreement with Iran regarding a memorandum of understanding to end the war and initiate nuclear negotiations. However, uncertainty remains as the war is not officially over, and past experiences show that markets can quickly react negatively. Advanced Micro Devices shares surged 16% following strong earnings results, with significant growth in data center sales.
Read at 24/7 Wall St.
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