NEW YORK: Wall Street stocks trimmed losses Thursday after Israeli Prime Minister Benjamin Netanyahu suggested the war could end 'a lot faster than people think.' Energy prices surged as global markets reacted to ongoing tensions in the Middle East.
The S&P 500 closed down 0.3% but rebounded from session lows. Analysts described the market's move as a mix of optimism and caution, with investors still wary of the conflict's long-term impact.
Brent crude rose over 5% to $115 per barrel, while WTI briefly hit $100 as Iran retaliated against an Israeli strike on a shared gas field with Qatar. European gas prices also jumped before moderating later in the day.
The dollar fell against major currencies following central bank meetings, with the ECB warning of potential economic shocks from the prolonged conflict.
People walk through the Financial District in Manhattan on Mar 19, 2026.
