Wall Street Rises But Ends Well Off Day's Highs
The day’s path showed investors’ sensitivity to Middle East turmoil
U.S. stocks ended higher on Wednesday, but the day’s uneven path showed investors’ sensitivity to any signs of turmoil in the Middle East, with stocks rising on comments by President Donald Trump and paring gains on reports of blasts in Baghdad.
Trump spoke at a White House briefing after Iran’s missile strikes overnight on military bases housing U.S. troops in Iraq. The U.S. president said the strikes had not harmed any Americans and that Tehran appeared to be standing down.
Comments earlier from Iran’s foreign minister that the country did not seek an escalation and a tweet from Trump that “All is well!” also helped calm investor jitters.
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