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Stock markets surge as Trump calls off strikes on Iran, touts peace deal
Key takeaways
- Wall Street and Asian markets rally on hopes for an end to the US-Israel war on Iran.
- Wall Street’s benchmark S&P500 index finished nearly 1.8 percent higher on Thursday, ending a three-day streak of losses for the biggest single-day gain since April.
- The tech-focused Nasdaq Composite jumped 2.5 percent, while the older, blue-chip Dow Jones Industrial Average gained about 1.9 percent.
Why this matters: an international story with cross-border implications worth tracking.
Wall Street and Asian markets rally on hopes for an end to the US-Israel war on Iran.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo. A trio of traders work on the floor of the New York Stock Exchange, in New York City, United States, on June 3, 2026 [Richard Drew/AP]By John Power Published On 12 Jun 202612 Jun 2026Stock markets have surged following US President Donald Trump’s announcement that he called off planned strikes against Iran and a peace deal with Tehran is imminent.
Wall Street’s benchmark S&P500 index finished nearly 1.8 percent higher on Thursday, ending a three-day streak of losses for the biggest single-day gain since April.
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