U.S. Stocks Rally on Potential Iran-U.S. Conflict Resolution
The Dow Jones Industrial Average surged 1,061 points (2.4%) while the Nasdaq Composite led gains with a 3.4% jump, closing near 21,517. The rally followed reports that Iran is prepared to end its military conflict with the U.S. if given security guarantees.
Oil prices fell sharply as Brent crude dropped 2.8% on peace signals. Market movements were volatile, spiking at 12:34 p.m. ET before stabilizing. The S&P 500 rose 2.7% to 6,496, marking one of the strongest single-day performances in months.