U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes Thursday for a potential deal to get the global flow of oil going again.
The S&P 500 jumped 1.8%, coming off a back-to-back drop that had yanked it back to where it was in early May.
The Dow Jones Industrial Average leaped 1.9%, and the Nasdaq composite rallied 2.5%. Strong gains for chip stocks helped offset a slide for Oracle.
Treasury yields eased sharply in the bond market.
On Thursday:
The S&P 500 rose 127.31 points, or 1.8%, to 7,394.30.
The Dow Jones Industrial Average rose 929.97 points, or 1.9%, to 50,848.75.
The Nasdaq composite rose 640.16 points, or 2.5%, to 25,809.66.
The Russell 2000 index of smaller companies rose 85.57 points, or 3% to 2,921.03.
For the week:
The S&P 500 is up 10.56 points, or 0.1%.
The Dow is down 18.03 points, or less than 0.1%.
The Nasdaq is up 100.23 points, or 0.4%.
The Russell 2000 is up 87.53 points, or 3.1%.
For the year:
The S&P 500 is up 548.80 points, or 8%.
The Dow is up 2,785.46 points, or 5.8%.
The Nasdaq is up 2,567.67 points, or 11%.
The Russell 2000 is up 439.12 points, or 17.7%.
Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
Only subscribers can view and post comments on articles.
Already a subscriber? Login Here
Join New York Times bestselling author Caroline Paul for a lively discussion of her book Tou… Read moreBook Club with Author Caroline Paul
Providing Feedback said:
Reality Check said:
Dirk van Ulden said:
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.