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HomeMarket NewsDow Jones Today | US Stock Market LIVE Updates: Dow jumps 800 points as Trump delays Iran strikes
Dow Jones Today | US Stock Market LIVE Updates: US stocks on Monday (March 23) rallied after President Donald Trump said the United States and Iran had held talks and that he was halting strikes on Iranian power plants and energy infrastructure.
Dow Jones Today | US Stock Market LIVE Updates: US stocks on Monday (March 23) rallied after President Donald Trump said the United States and Iran had held talks and that he was halting strikes on Iranian power plants and energy infrastructure.
The Dow Jones Industrial Average jumped 829 points, or 1.8%. S&P 500 rose 1.4%, while Nasdaq Composite gained 1.6%. The gains followed Trump’s statement on the talks and the suspension of planned strikes, which had previously raised concerns about rising oil prices and global economic risks.
Crude prices dropped after Trump’s post, with West Texas Intermediate futures falling more than 9% to around $89 a barrel. benchmark Brent fell more than 9% to $101 a barrel.
"I am pleased to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East," wrote Trump in a Truth Social post.
"Based on the tenor and tone of these in-depth, detailed, and constructive conversations, which will continue throughout the week, I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of the ongoing meetings and discussions."
Watch this space for all the LIVE US stock market updates.
