In the US stock market, energy stocks fell while aviation stocks rose. Iranian President expresses willingness to end the war.
American Airlines stocks rose sharply during Tuesday's trading, while energy stocks fell. Earlier, the Islamic Republic News Agency of Iran reported that the Iranian president expressed a willingness to end the war and is seeking relevant guarantees. Transportation stocks rose: United Airlines rose by 7.4%, American Airlines rose by 5.7%, Delta Airlines rose by 5.5%, and cruise company Royal Caribbean Cruises rose by 5.8%. The S&P 1500 non-essential consumer goods index expanded its gains, rising by 3.6% at one point. The S&P 500 energy index turned lower, giving back some of its earlier gains of 1.4%. Devon Energy, Chevron, and Phillips 66 all fell by over 1%.
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