US Stock Market Today | Dow Jones | Nasdaq Live: Dow Jones rockets 1,300 pts, S&P 500 up 2%, Nasdaq 3% after US-Iran ceasefire
Why it matters: The US-Iran ceasefire immediately sent the Dow Jones up 1,300 points and crashed crude prices.
- US stock markets rocketed, with the Dow Jones up 1,300 points, S&P 500 gaining 2%, and Nasdaq 3%, as crude prices fell on news of a U.S.-Iran ceasefire (Yahoo Finance, Economic Times Markets).
- German Chancellor Friedrich Merz spoke with U.S. President Donald Trump, with Merz seeking an overview of diplomatic affairs following the ceasefire, though Germany's involvement in securing the Strait of Hormuz was not discussed (Bild, Reuters).
- Iran plans to impose a $1 per barrel cryptocurrency toll on oil shipments through the Strait of Hormuz, requiring advance notification and clearance, with warnings of force against non-compliant vessels.
- US President Donald Trump threatened immediate 50% tariffs on any country supplying military weapons to Iran, while also stating his administration is discussing "Tariff and Sanctions relief with Iran" on Truth Social.
- Bitcoin jumped following the ceasefire talks, though analysts noted long-term rally uncertainty (The Block).
The Dow Jones surged 1,300 points, with the S&P 500 up 2% and Nasdaq 3%, following a U.S.-Iran ceasefire that sent crude prices crashing and spurred hopes for resumed energy supplies through the Strait of Hormuz. This diplomatic breakthrough, confirmed by a call between President Trump and German Chancellor Merz, also saw Bitcoin jump amid Iran's reported plan to charge a $1 per barrel cryptocurrency toll for Strait passage, while Trump simultaneously threatened 50% tariffs on countries supplying weapons to Iran.
