US Stock Market LIVE Updates: Stocks rally as US-Iran truce drives oil to $95
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US stocks surged after President Donald Trump suspended attacks on Iran, causing oil prices to drop sharply. The Dow Jones Industrial Average jumped 1,325.46 points, or 2.85%, while the S&P 500 gained 2.51% and the Nasdaq Composite advanced 2.80%.
US stocks rose after President Trump suspended attacks on Iran. The Dow Jones Industrial Average jumped 1,325.46 points, or 2.85%. Oil prices dropped, with West Texas Intermediate crude futures falling 16% to $94.41 per barrel. The S&P 500 gained 2.51% and the Nasdaq Composite advanced 2.80%. The US-Iran ceasefire deal led to a decrease in oil prices. Other market news includes Jeff Shell stepping down as president of Paramount Skydance Corp. and Avis Budget Group Inc. experiencing a short squeeze.
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