Stock Markets Jump to All-Time High After Trump's Iran Address


At least two major stock market indices rose to all-time highs in the aftermath of President Donald Trump’s speech to the nation Wednesday on Iran.

Trump’s comments at the White House came one day after Iran fired roughly 15 ballistic missiles into Iraq.

Eleven of them hit the Ain al-Asad Air Base and Irbil military base, which house U.S. troops, Fox News reported. A U.S. military spokesman for Central Command said four of the missiles missed their targets.

But there were no U.S. casualties, Trump said, and the president appeared to express interest in de-escalation as opposed to an all-out war against the Iranian regime.

Photo: Here's the Creepy Ghislaine Maxwell Moment Court Illustrator Caught - It Will Haunt You

“Iran appears to be standing down, which is a good thing for all parties concerned and a very good thing for the world,” Trump said, according to a White House transcript of his remarks.

Stocks rose Wednesday as traders breathed “a sigh of relief,” Art Cashin, director of floor operations at the New York Stock Exchange for UBS, said on CNBC’s “Squawk Alley.”

“Now, as the president has to some degree defused some of the anxiety, so you’re getting … a little bit of a sigh of relief rally here,” Cashin said.

Do you think Trump is handling the crisis with Iran well?

The Dow Jones Industrial Average had gained roughly 200 points for the day in the aftermath of Trump’s address.

Moreover, the Nasdaq Composite rose more than 0.7 percent, hitting an all-time high, according to CNBC. The Standard & Poor’s 500 also advanced roughly 0.7 percent, hitting a record high as well.

Rising tensions between Iran and the U.S. sparked fears of a military conflict between the two nations.

Last week, an Iran-backed militia carried out a rocket strike on an Iraqi military base that killed an American contractor.

Then on Friday morning, the U.S. retaliated with a drone strike that eliminated Iranian Gen. Qassem Soleimani, commander of the Islamic Revolutionary Guard Corps’ Quds Force, as well as Abu Mahdi al-Muhandis, the deputy commander of Iran-backed militias known as the Popular Mobilization Forces, and eight others.

WHO and Fauci Fuel Fears About New COVID Variant, Send Stock Market Tumbling

Iran retaliated with missile strikes Tuesday night on Iraq military bases.

Trump, for his part, said Wednesday that the Iranian “campaign of terror, murder, mayhem will not be tolerated any longer.”

But he also had a message of peace, if Iran is willing to listen.

“To the people and leaders of Iran: We want you to have a future and a great future — one that you deserve, one of prosperity at home, and harmony with the nations of the world,” he said. “The United States is ready to embrace peace with all who seek it.”

Truth and Accuracy

Submit a Correction →

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

, , , , , , , , ,
Joe Setyon was a deputy managing editor for The Western Journal who had spent his entire professional career in editing and reporting. He previously worked in Washington, D.C., as an assistant editor/reporter for Reason magazine.
Joe Setyon was deputy managing editor for The Western Journal with several years of copy editing and reporting experience. He graduated with a degree in communication studies from Grove City College, where he served as managing editor of the student-run newspaper. Joe previously worked as an assistant editor/reporter for Reason magazine, a libertarian publication in Washington, D.C., where he covered politics and wrote about government waste and abuse.
Brooklyn, New York
Topics of Expertise
Sports, Politics


The Western Journal is pleased to bring back comments to our articles! Due to threatened de-monetization by Big Tech, we had temporarily removed comments, but we have now implemented a solution to bring back the conversation that Big Tech doesn't want you to have. If you have any problems using the new commenting platform, please contact customer support at Welcome back!