Stocks rise as investors assess U.S. strikes on Iran

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1–2 minutes

Summary

U.S. stocks rose as investors weighed new Iran strikes, lower oil prices, inflation data, and jobless claims.

Why this matters

The story shows how military developments, energy prices, economic data, and major corporate events can quickly shift market sentiment. For readers and investors, it highlights the factors driving stocks and oil ahead of a closely watched IPO.

U.S. stocks rose after the United States carried out a new round of strikes on Iran, as investors assessed developments in the conflict.

The Dow Jones Industrial Average (^DJI) gained 0.4%, while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) each rose 0.2%.

Oil prices (CL=F, BZ=F) moved lower after rising sharply Wednesday night, as investors weighed whether the conflict would expand.

Some of those declines reversed Thursday morning after President Donald Trump said the U.S. would strike Iran again Thursday night, seize control of Kharg Island, and take “total control” of the country’s energy sector. The comments increased investor concern about a possible ground invasion.

Producer prices rose 1.1% from the previous month and 6.5% from a year earlier.

Initial jobless claims for the week ended June 6 rose to 229,000, above expectations of 220,000. Continuing claims increased to 1.795 million.

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