Dow soars over 1,100 points as Trump sparks hope on Wall Street that Iran war is nearing end

Wall Street surged on Tuesday as speculation of a potential de-escalation in the Middle East lifted risk appetite. The move was driven by hopes that easing geopolitical tensions could relieve pressure on oil prices that had spiked and temper near-term inflation concerns, prompting broad risk-on positioning in equities.

Analysis

Wall Street surged on Tuesday as speculation of a potential de-escalation in the Middle East lifted risk appetite. The move was driven by hopes that easing geopolitical tensions could relieve pressure on oil prices that had spiked and temper near-term inflation concerns, prompting broad risk-on positioning in equities.