Peace talks lift US stocks as Fed eyes rate hikes to counter war inflation
The Dow Jones Industrial Average rose 275.88 points to 48,185.80, the S&P 500 gained 41.85 points to 6,824.66, and the Nasdaq Composite gained 187.42 points to 22,822.42. This rebound followed an earlier dip as Israel sought talks with Lebanon. The CBOE Market Volatility Index dipped to its lowest point since the onset of the war, while the S&P 500 moved back above its 100-day and 200-day moving averages. The Dow Jones Industrial Average rose 275.88 points to 48,185.88, the S&P 500 gained 41.85 points to 6,824.66, and the Nasdaq Composite gained 187.tailwind 22,822.42.
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