US equities staged a sharp rebound on Monday, with all three major indexes closing more than 1% higher as oil prices plunged following comments from Donald Trump about delaying military action against Iran. The rally marked a turnaround from last week’s declines, as investors reacted to signs of potential de-escalation in the Middle East conflict, even as uncertainty lingered over the credibility of reported talks between Washington and Tehran. Stocks rebound as oil prices tumble The S&P 500 rose 1.13% to close at 6,580.25, while the Nasdaq Composite gained 1.39% to 21,948.55. The Dow Jones Industrial Average climbed 631 points, or 1.39%, to end at 46,211.53. Earlier in the session, equities had been under pressure amid escalating geopolitical tensions. However,...
Dow Jones gains 600 points as as oil drops after Trump delays Iran strikes
