Nasdaq leads market rebound as oil plunges after Trump signals Iran war could end

Market Overview - Crude oil prices have surged, with West Texas Intermediate crude experiencing its largest weekly gain since 1983, raising concerns about inflation and complicating the Federal Reserve's policy outlook if prices remain high [1][7] - The spike in oil prices is dominating global financial markets, with fears of a deeper supply shock due to intensified attacks on energy infrastructure in the Middle East [2] Economic Indicators - The upcoming February consumer price index report is expected to show both headline and core inflation rising at an annual rate of about 2.5%, influenced by the recent surge in energy prices [3] Stock Market Performance - The Dow Jones has dropped 718 points or 1.5% to 46,782, while the S&P 500 and Nasdaq have also seen declines of 1.2% and 0.95% respectively, with travel and leisure stocks leading the downturn [4] - Travel and leisure stocks, including cruise operators and airlines, have been particularly hard hit as investors reassess demand risks amid rising fuel prices due to ongoing conflicts in the Middle East [5] Individual Stock Movements - Major declines were noted in stocks such as Cisco Systems (down almost 4%), Boeing, 3M, Home Depot, Nike, JPMorgan Chase, and Disney [6]