US stock indices recovered about 50 basis points on Thursday afternoon after a statement from Israeli Prime Minister Benjamin Netanyahu made the rounds, saying that the war with Iran would end a “lot faster than people think”.
The S&P 500, which had been trading down at -0.8% by 3:00PM EST, suddenly shot up to -0.3% in the final hour of trading.
Oil futures that had risen 3% higher earlier in the session fell over 2% and were trading at $94.28 at the time of writing.
