Dow surges 1,100 points, S&P 500 posts best day since May as hopes grow for end of Iran war: Live updates

Stocks rose on Tuesday following new reports that gave investors hope that the U.S.-Iran war could soon come to an end. The Dow Jones Industrial Average was up 1,125.37 points, or 2.49%, and closed at 46,341.51. The move came after an unconfirmed report said Iranian President Masoud Pezeshkian was open to ending the war with guarantees. The S&P 500 gained 2.91% to end at 6,528.52, and the Nasdaq Composite advanced 3.83% to 21,590.63. All three indexes posted their best day since May. To be sure, Pezeshkian made similar remarks earlier this month, saying in a post on X that the...