Stocks surge after Trump signals end to planned Iran strikes

Stocks surge after Trump signals end to planned Iran strikes Global stock markets rallied after US President Donald Trump said he had cancelled a third day of planned strikes against Iran and indicated that an agreement with Tehran was close. Investors welcomed signs of de-escalation, helping lift shares across Wall Street and Asia. The S&P 500 posted its largest one-day gain since April, while the Nasdaq Composite rose 2.5 per cent and the Dow Jones Industrial Average gained 1.9 per cent.