Dow Jones Today | US Stock Market LIVE Updates: By 7:29 a.m. ET, Dow Jones Industrial Average futures climbed 1,315 points, or 2.8%. S&P 500 futures advanced 2.9%, while Nasdaq 100 futures jumped 3.5%. Crude oil prices fell sharply in response.
The Dow Jones Industrial Average opened over 1,380 points higher, or about 2.7%, while the S&P 500 and Nasdaq Composite gained around 2.5% and 2.1%, respectively, at the start of trading.
The rally follows strong gains in pre-market trade after Iran agreed to reopen the Strait of Hormuz for two weeks, subject to a pause in hostilities, boosting investor sentiment.
Oil prices fell sharply on easing supply concerns, with US crude (WTI) dropping over 17% to around $93 per barrel, while Brent crude slipped more than 16% to near $91.
The positive momentum also builds on the previous session, where US indices ended largely flat with a positive bias amid early signs of a potential ceasefire. Global cues remained supportive, with Asian markets and Indian equities rallying sharply on hopes of de-escalation.
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