Shares Turn Higher, Oil Prices Retreat After Trump Hints at End to Iran War

GLOBAL MARKET - BOSTON. Wall Street stocks gained, oil prices relented and U.S. Treasury yields dipped on Monday after President Donald Trump reportedly said he thinks the war against Iran "is very complete" and that the U.S. is "very far ahead" of his initial four- to five-week estimated time frame. 

Stocks and bond prices had initially slumped as surging oil prices looked likely to stoke inflation around the globe, leading central banks to raise interest rates.