The Dow surges more than 1,100 points as Wall Street soars to its best day since last spring
The Dow Jones Industrial Average surged over 1,100 points on Tuesday, marking its best day since last spring, as hopes for a possible end to the war with Iran lifted Wall Street. The S&P 500 leaped 2.9%, its largest gain since May, as oil prices took a sharp turn lower following reports of a potential end to the conflict.
US stocks had their best day since last spring. The Dow Jones Industrial Average rallied 2.5% and the S&P 500 jumped 2.9%. The Nasdaq composite rose 3.8%. Oil prices fell sharply after reports suggested a possible end to the war with Iran. The price of Brent crude oil eased 3.2% to $103.97. US crude fell 1.5% to $101.38. The rebound came as financial markets seized on signals for hope about a possible end to the war. Tech stocks led the market rally. Marvell Technology shot up 12.8% after Nvidia invested $2 billion in the company. The S&P 500 closed at 6,528.52, the Dow Jones Industrial Average at 46,341.51, and the Nasdaq composite at 21,590.6.
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