The Wall Street market experienced a small increase on Friday because investors followed global market trends after President Donald Trump postponed his decision regarding U.S. military participation in the Israel-Iran conflict.
The Dow Jones Industrial Average increased by 0.4% while the S&P 500 rose 0.2% and the Nasdaq gained 0.1%. The market experienced positive momentum because Trump chose to postpone immediate action after a week of rising tensions in the Middle East.
The price of Brent crude oil decreased by 2.9% to reach $76.56 per barrel because supply disruption concerns decreased. The market sentiment stabilized because of Washington’s reduced diplomatic tension despite ongoing attacks between Iran and Israel.
The market reacts favorably to any indication of reduced conflict because it creates positive conditions for financial markets according to Art Hogan who leads B. Riley Wealth as chief strategist.
European and Asian markets ended their trading sessions with positive results. Market volatility persists because of ongoing tariff issues and Federal Reserve interest rate uncertainty.
The market will stay reactive to geopolitical news and inflation data while using oil prices to measure regional risk levels according to strategists.
