Dow Hits All-Time High as Trump Cancels Iran Attack

The Dow Jones Industrial Average reached an all-time closing high on Monday, surging nearly 700 points following a geopolitical shift. Donald Trump announced that he called off a planned attack on Iran and that peace talks were scheduled to resume.

This easing of tensions triggered a broad market rally. The Nasdaq 100 rose more than 2% as investors returned to technology stocks. Treasury yields declined, with the 10-year bond yield easing by 5 basis points to 4.68%.

Commodity markets responded sharply to the news. Crude oil prices tumbled by approximately 5%, with Brent crude falling to $83.75 a barrel and U.S. oil dropping to $80 a barrel.