Dow Futures Surge 500+ Points as Trump Cancels Iran Strikes, Oil Plunges
NDX sits 25% above its 52-week low of $22,673.875.
Summary
President Trump called off planned military strikes against Iran and announced a resumption of talks, sharply easing geopolitical tensions. The news sent Dow futures up over 500 points and Nasdaq-100 futures up 0.4%, while oil prices plunged more than 5%. This follows a volatile period for the Nasdaq-100, which entered correction territory just days ago after a 2.1% drop on July 29. The reversal in oil and the de-escalation remove a key near-term risk for markets, potentially stabilizing tech and growth stocks that have been under pressure. Traders will watch Friday's non-farm payrolls report for further direction on the economy and Fed policy.
At the time of this announcement, NDX was trading at $28,274.20 on NASDAQ in the Finance sector. The 52-week trading range was $22,673.88 to $30,762.20. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: CNBC TV18.