North America Associated Press
Doubts over Iran tensions ease as US stocks surge to best day since spring
US stocks surged to their best day since last spring, driven by renewed hopes for an Iran nuclear deal, while Asian markets were mostly lower due to mixed signs from Tehran.
US stocks surged to their best day since last spring, with the Dow Jones Industrial Average rising 1,125 points, driven by renewed hopes for a deal on Iran as mixed signals kept oil prices steady. Asian stocks were mostly lower due to concerns over economic recovery and inflation. The surge in US stocks was also fueled by gains in technology and healthcare sectors. Investors are cautiously optimistic about the prospect of a US-Iran nuclear deal coming together.
Brief written with AI from reporting by Associated Press. All rights to the original story belong to the publisher.