U.S. stocks rebound after Trump calls off strikes on Iran
NEW YORK, June 12 — U.S. stocks closed higher on Thursday after U.S. President Donald…
NEW YORK, June 12 — U.S. stocks closed higher on Thursday after U.S. President Donald Trump announced he had called off planned strikes on Iran scheduled for the evening.
The Dow Jones Industrial Average rose 929.97 points, or 1.86 percent, to 50,848.75. The S&P 500 added 127.31 points, or 1.75 percent, to 7,394.30. The Nasdaq Composite Index increased by 640.158 points, or 2.54 percent, to 25,809.66.
Eight of the 11 primary S&P 500 sectors ended in the green, with materials and industrials leading the gainers by rising 3.26 percent and 3.25 percent, respectively. Energy and consumer staples led the laggards by decreasing 2.06 percent and 0.47 percent, respectively.
