Oil prices and U.S. stock futures whipsawed overnight after Iran fired on Iraqi bases housing U.S. troops, but markets quickly rebounded after there were no reports of casualties and President Donald Trump addressed the nation.

The Dow climbed 200 points at midday on Wednesday after Trump’s speech on tensions with Iran. Dow futures had tumbled as much as 400 points overnight but flipped into positive territory by morning. The Standard & Poor’s 500 and tech-heavy Nasdaq also climbed 0.7%.

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