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Stocks gain and oil drops as Iran sends latest peace proposal – Newsquawk US Market Wrap

May 2, 2026
Source: zerohedge.com zerohedge.com
News Snapshot:
SNAPSHOT: Equities up, Treasuries flatten, Crude down, Dollar up, Gold flatREAR VIEW: Trump not satisfied with the latest proposal from Iran; Trump said EU is not complying with trade deal and he will increase tariffs to 25% next week on EU cars and truck imports into the US; US ISM Mfg. PMI misses & prices jump; BoJ data confirms FX intervention; AAPL beats, rev. guide topped; Memory names beat; Fed's Logan, Hammack, and Kashkari explain dissent on easing language bias in statement.COMING UP: Holiday: UK May Bank Holiday, Japan's Greenery Day. Data: Turkish Inflation (Apr), Global Manufacturing PMI (Apr), US Factory Orders (Mar). Speakers: Fed’s Williams;...
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