Stocks, Bonds Rise as Oil Tumbles on US-Iran Hopes: Markets Wrap
(Bloomberg) — Stocks joined bonds higher as hopes for diplomatic efforts to end the war in Iran spurred a slump in oil prices, easing inflation anxiety.
West Texas Intermediate crude sank below $100 as Washington and Tehran signaled openness to talks. Long-term Treasuries outperformed. The S&P 500 rose 1% after its worst session since June. A gauge of megacaps climbed 1.8%, though Apple Inc. fell in the run-up to its results. Anthropic PBC reported revenue of nearly $17 billion before its blockbuster IPO.
Expectations for an escalation of the Middle East conflict eased as Iran’s Supreme Leader Mojtaba Khamenei gave the government the go-ahead to hold peace talks. That was after Axios reported President Donald Trump told Israeli Prime Minister Benjamin Netanyahu he’s open to allowing more time for a diplomacy.
Geopolitics will likely be the primary driver of markets on Monday, and investors will want to see confirmation of the diplomatic “progress” to push oil prices even lower, according to Tom Essaye at The Sevens Report.
On the economic front, US manufacturing activity picked up in October, supported by the strongest production growth in nearly five years.
Corporate Highlights:
Oracle Corp. has kicked off an effort to raise $20 billion in debt and equity, just days after unveiling a long-term fundraising plan to finance its artificial intelligence infrastructure spending spree. Alphabet Inc. is set to raise €6 billion ($6.7 billion) in its second euro bond sale this year, offering considerably higher yields than in its offering in May after concerns over the pace of AI spending drove a credit-market selloff. Marvell Technology Inc. has reached a deal to buy data center optics maker Lumentum Holdings Inc. at an enterprise value of $115 billion, one of the biggest tech tie-ups ever, in a race to capitalize on the artificial intelligence boom. Estee Lauder Cos. reported better-than-expected earnings and raised its outlook, the latest sign the beauty conglomerate’s turnaround effort is winning over consumers. Marriott International Inc. reported third-quarter earnings that beat expectations, as bookings surged across the company’s US hotels. Some of the main moves in markets:
Stocks
The S&P 500 rose 1% as of 10:34 a.m. New York time The Nasdaq 100 rose 1.2% The Dow Jones Industrial Average rose 1.2% The Stoxx Europe 600 rose 0.5% The MSCI World Index rose 0.8% Currencies
The Bloomberg Dollar Spot Index fell 0.2% The euro rose 0.4% to $1.1203 The British pound rose 0.2% to $1.3420 The Japanese yen fell 0.1% to 157.75 per dollar Cryptocurrencies
Bitcoin was little changed at $77,814.04 Ether rose 1.2% to $2,287.98 Bonds
The yield on 10-year Treasuries declined three basis points to 4.90% Germany’s 10-year yield declined three basis points to 3.29% Britain’s 10-year yield declined eight basis points to 5.20% Commodities
West Texas Intermediate crude fell 6.6% to $97.29 a barrel Spot gold rose 2% to $3,953.41 an ounce ©2026 Bloomberg L.P.
See more Swissinfo articles in your Google results. Learn more
