S&P 500 surges 2.9% to its biggest gain since last spring as hopes build for an end to Iran war
The S&P 500 surged 2.9% to its biggest gain since last spring, driven by hopes of a possible end to the war with Iran. The Dow Jones Industrial Average rallied 2.5% and the Nasdaq composite jumped 3.8% as financial markets reacted to signals of a potential end to the conflict.
US stocks had their best day since last spring. The S&P 500 leaped 2.9% and the Dow Jones Industrial Average soared 1,125 points. The rebound came as financial markets seized on signals for hope about a possible end to the war with Iran. Oil prices took a sharp turn lower following a news report quoting Iran's president. The price for a barrel of Brent crude oil eased 3.2% to settle at $103.97. Tech stocks were the strongest forces lifting the market in a widespread rally.
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