00:00Next, the international news. Wall Street ended higher on Wednesday with strong gains in Alphabet and other heavyweights after U
00:08.S. President Trump suggested an end to the Middle East conflict could be closed and the U.S. will be
00:15out of Iran pretty quickly and could return for spot hits if needed.
00:19Trump told Reuters hours before he was scheduled to address the nation about the war and he was just delivering
00:26his address to the nation just now.
00:30One of the many things that he said is that the U.S. will focus on Iran for the next
00:35two to three weeks if there's no deal reached between the two nations.
00:41Well, what I think we're seeing today with stocks is a follow through to yesterday's explosive move to the upside
00:49based on the prospects that the war may soon be coming to an end.
00:55We've been seeing a lot of these cyclical sectors lead the way similar to what happened in October of 1990
01:03after oil prices peaked and just before Desert Shield turned into Desert Storm.
01:11Technology-related heavyweights rallied with Alphabet, Meta platforms and Amazon all higher.
01:16Wall Street has rallied for two straight days as investors speculated that the U.S. and Israeli war on Iran
01:22will end soon.
01:23Energy prices have spiked in the latest month, sparking fears of global inflation as the conflict choked the flow of
01:31oil through the Strait of Hormuz.
01:33Even after recent gains, the S&P 500 is trading at under 20 times expected earnings, its lowest earning multiple
01:40in 10 months, according to LSEG data.
01:43The S&P 500 gained 46.80 points or 0.72% and while the Nasdaq Composite gained 250.32
01:52points or 1.16%, the Dow Jones Industrial Average rose 224.23 points or 0.48%.
02:01The end.
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