U.S. stocks drift higher ahead of Trump's deadline to bomb Iranian power plants [Los Angeles Times (CA)]
JP Morgan Chase & Co. (JPM)
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Source: Los Angeles Times
The Standard & Poor's 500 rose 0.4%, coming off its first winning week in the last six. The Dow Jones Industrial Average added 165 points, or 0.4%, and the Nasdaq composite climbed 0.5%. Oil prices likewise rose after seesawing through the day amid uncertainty about what will happen in the war with Iran and how long it will slow the global flow of oil and natural gas. Iran on Monday rejected the latest ceasefire proposal and instead said it wants a permanent end to the war. “We won't merely accept a ceasefire,” Mojtaba Ferdousi Pour, head of the Iranian diplomatic mission in Cairo, told The Associated Press. “We only accept an end of the war with guarantees that we won't be attacked again.” Fighting continued in the war, meanwhile, including an Israeli attack on an Iranian petrochemical plant. And in the background was the clock ticking toward a deadline, one that Trump has moved multiple times, where he has threatened to attack Iranian power plants if it does not open the Stra
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