Trump calls to "buy" and says he doesn't want to bomb Iran, U.S. stock indices rise over 1%, U.S. oil rises over 3%

A month later, U.S. President Trump publicly called for buying stocks again, and U.S. stock investors responded positively. Trump also released signals that relations with Iran might ease, causing international crude oil prices to rise.

On Thursday, May 8, during the late morning session of U.S. stocks, Trump stated that if a trade agreement combined with tax cuts could achieve results, “you better go out and buy stocks now.”

After Trump's remarks, the three major U.S. stock indices rose further, with the S&P 500's intraday gain expanding to over 1%, having previously risen nearly 1.5% at midday. The Nasdaq rose about 1.8% near midday, peaking at a 1.9% increase, while the Dow Jones Industrial Average's gain expanded to over 500 points, briefly rising more than 600 points, an increase of about 1.5%.

Prior to this, the U.S. stock market had already surged following news of a trade agreement between the U.S. and the U.K. According to CCTV News, on May 8 local time, the U.K. and the U.S. reached an agreement on the terms of a tariff trade agreement. The U.K. government agreed to make concessions on importing U.S. food and agricultural products in exchange for the U.S. lowering tariffs on U.K. car exports.

This was Trump's second public call to buy U.S. stocks since April 9.

According to Xinhua News Agency, on April 9, Trump suddenly announced a suspension of higher reciprocal tariffs on some trading partners, causing U.S. stocks to surge. About four hours before announcing the policy change, Trump posted on his founded “Truth Social” platform, writing in capital letters: “This is a great time to buy!!! DJT.” This raised questions in the U.S. media about whether Trump and his “inner circle” were manipulating the stock market and engaging in insider trading for profit.

Xinhua cited media commentary stating that Trump's mention of DJT before the surge in U.S. stocks sometimes represents his personal abbreviation, but DJT also stands for the stock of Trump Media & Technology Group, the parent company of “Truth Social.” The stock rose 22.67% on the 9th. Trump holds a 53% stake in this company, which means his wealth in this part increased by $415 million that day.

Alcoa rose over 6%, Boeing briefly rose 5%, Mattel briefly fell over 5%

Trump's remarks on Thursday also triggered volatility in some individual stocks.

Trump stated that a trade zone for aluminum and steel would be established with the U.K. The U.K. side indicated that U.S. tariffs on steel and aluminum would be reduced to zero. In the early session, Kaiser Aluminum rose over 4%, Alcoa (AA) rose over 6% near midday, and U.S. Steel Corporation (X) rose over 2% towards the end of the early session.

Trump claimed that the U.K. agreed to purchase $10 billion worth of Boeing aircraft. Boeing (BA) saw its gains expand to over 4%, having previously risen nearly 5% at midday

Although the US stock market rose, the toy giant Mattel, which was named and threatened by Trump, hit a new daily low.

Trump warned that if Mattel relocates its company outside the United States, a 100% tariff will be imposed on Mattel's toys.

Mattel (MAT) stock price plummeted towards the end of the early trading session, dropping to $16.51, hitting a new daily low, down nearly 5.3% during the day, before rebounding and slightly turning positive at midday.

US oil rises over 3%, Brent oil once rose 3%

On Thursday, Trump also stated that he does not want to bomb Iran. Subsequently, international crude oil gains expanded.

The increase in US WTI crude oil once exceeded 3%, touching the $60 mark and hitting a new daily high, rising over 3.3% during the day. Brent crude oil also hit a new daily high, approaching $63, rising 3% during the day.

A week ago, Trump issued further threats to strike Iranian oil exports. According to Xinhua News Agency, Trump posted on social media on May 1st last Thursday, stating that any country or individual purchasing oil or petrochemical products from Iran would face US sanctions and be prohibited from doing business with the United States.

This Wednesday, Trump stated that he has not yet decided whether to allow Iran to enrich uranium under the new nuclear agreement. This is seen as the White House possibly taking a flexible stance on the core issues of the Iran nuclear negotiations.

When asked if Iran could carry out a civilian uranium enrichment program if it does not produce weapons-grade uranium suitable for making nuclear bombs, Trump said, "We have not made a decision yet."

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