Dow surges more than 1,100
The Dow Jones Industrial Average surged 1,125 points on Tuesday, driven by hopes of a possible end to the war with Iran. The S&P 500 leaped 2.9% for its largest gain since May, as financial markets seized on signals of hope and oil prices took a sharp turn lower.
US stocks had their best day since last spring. The Dow Jones Industrial Average rallied 2.5% and the Nasdaq composite jumped 3.8%. The rebound came as financial markets seized on signals of hope about a possible end to the war with Iran. Oil prices fell sharply, with Brent crude easing 3.2% to $103.97. The price of US crude fell 1.5% to $101.38. Tech stocks led the market rally, with Marvell Technology and Nvidia making significant gains.
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