US Markets Rebound: Dow Jones Gains 1,100 Points, Oil Drops After Trump's War Remarks

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Dow Jones Soars 1,100 Points on Trump's Iran Remarks; Oil Prices Plunge

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo

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CNBC TV18•10-03-2026, 04:41

Dow Jones Soars 1,100 Points on Trump's Iran Remarks; Oil Prices Plunge

•Dow Jones recovers 1,100 points from session lows, ending 250 points higher after President Trump's comments on Iran.
•S&P 500 and Nasdaq also saw significant recoveries, with chip stocks like Nvidia, AMD, Broadcom, and Micron contributing to the market rebound.
•Oil prices, including Brent and US crude, fell below $90 a barrel after Trump stated the war in Iran would "end very soon."
•Trump claimed US and Israel made "major strides" in military objectives, asserting Iran has no air force, navy, or anti-aircraft equipment.
•Despite Trump's remarks, Iran warned ships in the Strait of Hormuz, and both sides' statements suggest the conflict may not be over.

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