[BRIEFING.COM] The S&P 500 (-0.2%), Nasdaq Composite (-0.3%), and DJIA (-0.3%) made a sharp turn higher in reaction to commentary from Israel's Prime Minister Benjamin Netanyahu. In a press conference, the prime minister stated that Iran "can no longer enrich uranium" or "manufacture ballistic missiles," according to The Times of Israel.
Mr. Netanyahu also noted that Israel is helping U.S. efforts to reopen the Strait of Hormuz, adding that the war will be over sooner than people think.
The move briefly shot the major averages into positive territory, and the S&P 500 above its 50-day moving average of 6,619, though the indices have since pulled back modestly.