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The US and Iran's attitudes soften, peace finally shows a glimmer of hope, and the US stock market experiences a retaliatory rebound.
Mars Finance news. On April 1, late last night and this morning, both sides of Iran and the U.S. softened their stance at the same time, sending out peace signals. Iranian President Masoud Pezeshkian said he is ready to end the war, but hopes to receive guarantees. Trump, meanwhile, said, “The U.S. will end the war against Iran within two to three weeks,” suggesting that the U.S. has essentially achieved its military objectives and leaving the resolution of the Hormuz Strait issue to other countries.
Affected by this, U.S. stocks saw a retaliatory rebound. According to market data, the S&P 500 index closed up 184.80 points, a gain of 2.91%, at 6528.52 points, but it had fallen 5.09% cumulatively in March and was down 4.63% for the first quarter. The Dow Jones Industrial Average closed up 1125.37 points, up 2.49%. The Nasdaq Composite Index (Nasdaq) closed up 795.988 points, up 3.83%, and was down 7.10% for the first quarter.
In addition, WTI crude oil briefly fell to touch $100 and then rebounded; it is now quoted at $103.96. Gold continued its advance and is now at $4690.65.
After a rapid rebound in the early hours of today, the crypto market has slowly moved upward from high levels. According to HTX market data, Bitcoin is currently at $68,350.95, up 2.42% over the past 24 hours, and Ethereum is currently at $2,104.98, up 2.45% over the past 24 hours.
It is worth noting that although both sides’ statements indicate that the war is over or about to end, the conflict is still ongoing. Yesterday, Iran said it struck the residences of U.S. military pilots in Saudi territory. The U.S. and Israel also launched another attack yesterday on the Mubarakah Steel Plant located in Isfahan, Iran.