Wall Street Poised to Rebound Amid New Iran Tensions

Investors are apparently hopeful that the renewed attacks in Iran will be short-lived, though evidence on the ground about that was shaky. Stock futures were up Thursday morning after the US announced it had wrapped up its latest round of what it calls "self-defense strikes," reports CNBC. S&P 500 futures rose 0.7%, Nasdaq's were up more than 1%, and the Dow's climbed 0.7%, or about 370 points. The uptick comes after a brutal selloff on Wednesday that saw the Dow drop nearly 1,000 points, notes the Wall Street Journal.

The US concluded its latest round of strikes about 4:30am in Iran, and Tehran responded with attacks on US bases in Bahrain and Kuwait, per the New York Times. Iran's foreign ministry said the American attacks made the ceasefire "meaningless" and predicted "highly dangerous consequences." Trump, for his part, complained on Wednesday that Iran was "playing us for suckers" by not quickly agreeing to US terms for a nuclear deal.