The Dow surges 1,000 points as Wall Street recovers a chunk of its wartime losses
The Dow Jones Industrial Average surged 1,125 points as Wall Street recovered from wartime losses, driven by hopes of a possible end to the war with Iran. The S&P 500 leaped 2.9% in its largest gain since May, as financial markets seized on signals of a potential end to the conflict.
US stocks had their best day since last spring, with the Dow Jones Industrial Average soaring 1,125 points. The S&P 500 jumped 2.9%, its largest gain since May. The rally came as financial markets reacted to signals of a possible end to the war with Iran. Oil prices fell, with Brent crude easing 3.2% to $103.97. The price drop helped stocks of companies with big fuel bills, such as United Airlines and Norwegian Cruise Line. Tech stocks led the market rally, with Marvell Technology and Nvidia making significant gains.
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