U.S. Stocks Surge, Post Best Day in 2 Months, After Trump Calls Off Iran Strike Plan

(New York, 11th, Comprehensive Foreign Report) U.S. stocks surged to a strong close today, marking their best single-day performance in two months, while international oil prices fell. Earlier, President Trump announced the cancellation of a planned airstrike on Iran for tonight, sparking expectations that the U.S. and Iran are close to reaching an agreement that will restore smooth global oil transport.

The Dow Jones Industrial Average rose 929.97 points, or 1.86%, to close at 50,848.75.

The S&P 500 index gained 127.31 points, or 1.75%, to end at 7,394.30.

The Nasdaq Composite Index climbed 640.16 points, or 2.54%, to finish at 25,809.66.

The Philadelphia Semiconductor Index surged 964.98 points, or 7.91%, to close at 13,171.44. (Translator: Yang Chao-yen) 1150612