Stocks stage late rally as oil whipsaws on Iran war fears

U.S. stocks rebounded from an early loss as oil prices swung from near $120 to below $90 amid Iran-related tension and market nerves. The S&P 500 rose 55.97 to 6,795.99, the Dow gained 239.25 to 47,740.80, and the Nasdaq climbed 308.27 to 22,695.95, helped by late-day comments from Trump that calmed fears of a prolonged conflict. Oil’s volatility kept investors wary of inflation and potential stagflation, though some see the drop in prices as a buying opportunity if energy supply stabilizes. Overseas markets fell before the Trump remarks, while Treasury yields fluctuated as investors weighed growth and inflation risks.