Wall Street saw a surge in shares due to speculation about a potential deescalation of the Middle East conflict. The Dow Jones Industrial Average rose by 1,125 points and the S&P 500 by nearly 3%, while the Nasdaq surged by 3.8%. This comes after President Trump announced he was willing to end the military campaign against Iran, even if the Strait of Hormuz remained largely closed. The month-long war has left the S &P 500 and the Dow on track for their deepest quarterly declines since 2022. Investors are concerned that higher fuel costs could negatively impact demand for goods and services, forcing the Federal Reserve to raise interest rates to contain inflation. The most valuable companies in the stock market made significant gains, with Nvidia and Alphabet up over 5%, Meta Platforms rising 6%, and Amazon gaining over 4%.