Trump Cancels US Strikes on Iran, Stocks Rally

US President Trump announced the cancellation of planned strikes on Iran, citing progress in ongoing talks between the two nations . The move sent shockwaves across global financial markets, with stocks surging in response.

According to multiple news sources, the Dow and Nasdaq indices jumped nearly 1,000 points, with specific stocks such as AMD and Micron seeing significant gains. Oil prices dropped as the threat of conflict eased .

This sudden shift in US policy has implications for the global economy, which was bracing for a potential escalation in conflict. Market analysts and investors will be closely watching for further signs of diplomatic progress and potential economic ripple effects.