Wall Street rebounds as Trump pledges no Iran strike before midterms

Rio Times' Global Economy Briefing dated 10 October 2026 reported that the S&P 500 ended the previous session 0.59% higher at 7,812, the Dow added 0.83% to 51,655 and the Nasdaq rose 0.64% to 27,366 after President Donald Trump said the United States would not attack Iran before the November midterm elections. The reassurance cooled immediate fears of a supply shock and sent world markets higher through the Friday session. European bourses followed, with Germany's DAX up 1.13% to 25,087, France's CAC 40 up 0.95% to 7,803, Britain's FTSE 100 up 1.06% to 10,552 and the pan-European STOXX 600 up 0.97% to 631.55. Analysts noted that leadership remained concentrated in mega-cap growth and AI stocks, with Amazon rising on strong cloud results, while defensive and value stocks also outperformed. The US 10-year Treasury yield was elevated at 5.237%, and University of Michigan survey data showed one-year inflation expectations climbing to 4.7% from 4.6%, hinting that any relief for households would be slow despite the market cheer.