Macro Finance
S&P 500 Erases Its Decline on Hormuz Deal Hopes: Markets Wrap
Bloomberg Markets·September 23, 2026·1 min read
Hopes for an agreement to revive the Strait of Hormuz spurred a rebound in stocks and bonds from session lows in a volatile session. Oil prices remained elevated, keeping investors on edge. The market's recovery reflects optimism over a potential geopolitical breakthrough, though uncertainty persists over energy supply and inflation pressures.
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