US Equity Markets End Higher After Trump Signals Iran War May End Soon

MT Newswires Live
Mar 10

US equity indexes rebounded in late Monday trading to close higher after a CBS News reporter posted on X that President Donald Trump said the war with Iran could be over soon, and a virtual G7 meeting focused on containing rising crude oil prices.

* "The war is very complete, pretty much," Trump said in a telephone interview, according to the CBS reporter's post.

* Following the meeting of finance ministers, the G7 said, "We stand ready to take necessary measures, including to support global supply of energy such as stockpile release."

* April West Texas Intermediate crude oil rose $9.60 to settle at $90.61 per barrel, while May Brent crude, the global benchmark, was last seen up $6.88 at $92.29.

* Live Nation Entertainment (LYV) and its Ticketmaster unit will continue to face a lawsuit by New York Attorney General Letitia James and a group of state attorneys general, even after a proposed antitrust settlement between the company and the US Department of Justice, New York AG James said. Live Nation shares company rose 6.2%.

* Hims & Hers Health (HIMS) shares jumped 41% after the company said it will provide Novo Nordisk's (NVO) weight-loss drugs Ozempic and Wegovy in pill and injection form later this month. As part of the deal, Novo Nordisk is dismissing its lawsuit against Hims & Hers, which alleged patent infringement.

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