Wall Street rallies, markets respond positively to signs of Iran breakthrough

Wall Street rallies, markets respond positively to signs of Iran breakthrough US stocks rallied on Thursday after President Donald Trump said a deal with Iran was close and suggested the conflict could soon come to an end. The Dow Jones Industrial Average rose 1.75 percent, while the Nasdaq Composite gained 2.54 percent as investors responded positively to the prospect of reduced geopolitical tensions. Market analysts said hopes of a diplomatic breakthrough were helping lift sentiment.