Dow Gains 1,325 Points as Oil Drops Below $100
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- Dow Jones Industrial Average gained 1,325.46 points (2.9%) to 47,909.92, its biggest daily percent rise since April 9 2025.
- S&P 500 rose 165.96 points (2.5%) to 6,782.81, ending 2.8% below its prior record close.
- Nasdaq Composite added 617.15 points (2.8%) to finish at 22,635.00.
- Equities rose on optimism that a cease‑fire in the U.S.-Israeli military assault against Iran would trigger a sharp plunge in oil prices.
- Oil prices fell below $100 per barrel after the two‑week cease‑fire deal.
Why it matters: The Dow's biggest daily percent increase since 2025 shows a strong market reaction to the cease‑fire, rewarding investors with a sharp rally across major indices while oil prices slipped below $100, and the S&P 500 and Nasdaq also posted gains of 2.5% and 2.8% respectively.
