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Which stocks performed best after Trump pauses energy strikes on Iran?
President Trump unexpectedly announced that after a “productive” meeting with Tehran, the United States will delay the attack on Iran’s power plants that was previously threatened. This news caused the stock market to quickly reshuffle. Major winners and losers include:
Airline stocks surged. American Airlines and United Airlines both rose about 5%.
Cruise companies also benefited. Carnival jumped over 7%.
Tech stocks gained strength. NVIDIA increased about 3%; Tesla rose over 4%, leading the seven giants of U.S. stocks.
Energy stocks declined. Western Oil fell about 1%.
Fertilizer companies plummeted. CF Industries dropped over 6%. In recent weeks, this stock benefited from the positive impact of Middle Eastern nitrogen fertilizer export disruptions.