US stock market jumps as US-Iran deal stirs hopes for end to energy turmoil

Article excerpt

U.S. stock markets surged on news of a potential U.S.-Iran deal, with the S&P 500 climbing 1.7 percent and the Nasdaq jumping 3.1 percent. Investors responded to hopes that negotiations could ease global energy markets, which have faced considerable uncertainty in recent years. The tech-heavy index's stronger performance suggests particular optimism in sectors sensitive to energy costs and geopolitical risk. The deal's specifics remain unclear, but traders are betting that reduced tensions could stabilize oil prices and boost corporate profits across multiple industries.