📈 Stocks & Economy🌐 Global
Trump Cancels Iran Strikes, Wall Street Rallies Hard
Yahoo Finance·Friday, 12 June 2026
President Donald Trump canceled planned military strikes on Iran and signaled that a peace deal with Tehran could come as soon as this weekend. Wall Street responded immediately — the Dow rose more than 1.8%, the S&P 500 climbed 1.75%, and the Nasdaq jumped more than 2.5%. Oil prices dropped sharply on the news.
Why It Matters
When US markets move this sharply, global markets including India follow — and falling oil prices are directly good news for India, which imports a large share of its oil needs.
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