Dow Surges Over 600 Points After Trump Halts Iran Strike
The US stock market opened on a positive note on Monday, following news of President Donald Trump's decision to halt military action against Iran. This move led to rising optimism over diplomatic talks between the two nations and lowered concerns of a full-blown Middle Eastern war situation.
The Dow Jones Industrial Average surged 636.50 points (1.21%), closing at 53,121.53, while the Nasdaq Composite Index settled at 25,748.01, up 374.16 points (1.47%). The S&P 500 rose by 78.16 points (1.04%), closing at 7,567.63.
Blue-chip stocks dominated the upward movement on Monday, with investors moving back to the stock market after the easing of geopolitical tensions. Boeing took the top position among the Dow gainers with an increase of 5.33%, followed by Amazon (5.03%) and Microsoft (4.72%).