US Stocks Just Posted Their Biggest Single-Day Gain Since April as Trump Pulled Back the Iran Strikes, Brent Slipped Below $90, and the Hormuz Premium Started U... (opens in new tab)

US equity markets posted their biggest single-day gain since April after President Donald Trump called off the planned strikes on Iran's nuclear infrastructure and announced a memorandum-of-understanding framework with Iran's Ministry of Foreign Affairs that could be signed within days, the S&P 500 rallied 1.8 percent, the Nasdaq Composite jumped 2.5 percent, the Dow Jones Industrial Average gained 1.9 percent, Brent crude slipped below $89.50 per barrel on a 1 percent decline, and the cumula...