New York —
US stocks moved sharply higher Tuesday, putting markets on track to close out a rough month on a high note: The Dow rose 954 points, or 2.1% by midday. The S&P 500 gained 2.39% and the tech-heavy Nasdaq Composite rose 3.45%.
The rebound came after reports and comments from the Trump administration about potentially ending the war soon, albeit without a resolution in the Strait of Hormuz. But an unconfirmed rumor that Iran’s president may be open to discussing an end to the war, with conditions, sent stocks even higher around midday.
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