The New York stock market opened higher on the 6th (local time) on news that the United States and Iran were close to signing an agreement related to ending the war.
As of 10:08 a.m. that day on the New York Stock Exchange, the Dow Jones Industrial Average rose 486.99 points (0.99%) from the previous session to 49,785.24.
The Standard & Poor's (S&P) 500 rose 57.24 points (0.79%) from the previous session to 7,316.46, and the Nasdaq composite gained 239.07 points (0.94%) to 25,565.20.
Buying appears to be picking up after U.S. media reported that the United States and Iran were close to a memorandum of understanding (MOU) to end the war.
Axios, a U.S. online outlet, reported that the United States and Iran were on the verge of signing a "one-page" MOU to end the war and resolve the nuclear issue.
The MOU is said to include a temporary halt (moratorium) to Iran's uranium enrichment, the lifting of U.S. sanctions on Iran and frozen funds, and the gradual lifting of restrictions on passage through the Strait of Hormuz and of the maritime blockade.
The White House is currently awaiting Iran's response on key points of contention.
U.S. President Donald Trump also mentioned the possibility of an end to the war that day.
On Truth Social, Trump said, "If Iran agrees to carry out what has been agreed, and of course this may be quite a big assumption, the legendary Grand Fury operation will come to an end," while emphasizing, "If Iran does not agree to the deal, the bombing will begin."
By sector, all groups except energy and utilities were strong. AMD rose 16.82% as its first-quarter results beat market expectations. Super Micro Computer climbed 18.43% after issuing fourth-quarter guidance above forecasts.
International oil prices were weak. At the same time, West Texas Intermediate (WTI) for June 2026 delivery fell 6.08% from the previous session to $96.05 per barrel.