Dow Jumps 929 Points as Trump Cancels Planned Iran Strikes
Updated
Updated · Honolulu Star-Advertiser · Jun 11
Dow Jumps 929 Points as Trump Cancels Planned Iran Strikes
3 articles · Updated · Honolulu Star-Advertiser · Jun 11
Summary
The Dow closed up 928.72 points, or 1.84%, at 50,847.50, while the S&P 500 rose 1.75% and the Nasdaq gained 2.53% after Trump said planned U.S. strikes on Iran were canceled.
Trump said negotiations with Tehran had reached senior levels and won backing from a broad regional coalition, easing immediate fears of a wider Middle East conflict.
Oil prices dropped sharply as stocks extended a rebound from Wednesday’s selloff, when all three major indexes fell more than 1% and the S&P 500 technology index confirmed a correction.
The rally came despite hotter-than-expected May producer prices, a rise in jobless claims and expectations the Federal Reserve will hold rates next week, with markets still pricing at least one 25-basis-point hike this year.
SpaceX also priced its record $75 billion IPO at $135 a share, valuing the company at $1.77 trillion ahead of its expected market debut on Friday.
Is SpaceX's record $1.77 trillion IPO a landmark investment or the market's biggest gamble on one man's vision?
As AI fuels market euphoria, can our global energy grids actually support the industry's colossal multi-trillion dollar power demands?
2026 US-Iran Conflict: Relief Rally, Peace Talks, and the Cost of War
Overview
On June 11, 2026, signals of de-escalation between the United States and Iran—driven by President Trump’s announcement of canceled military strikes and his intention to sign an Iran deal—sparked a strong rally in global financial markets. This positive news quickly shifted investor focus away from geopolitical risks, leading to sharp gains in U.S. equities and a surge in technology stocks. The immediate market reaction highlights how quickly sentiment can change when geopolitical tensions ease, with investors reallocating capital toward riskier assets and away from safe havens, reflecting renewed confidence in economic stability.