On the 20th (local time), as the surge in international oil prices eased, the three major New York stock indexes all rebounded to close higher.
On the New York Stock Exchange that day, the Dow rose 645.47 points, or 1.31%, to close at 50,059.35. The Standard & Poor's (S&P) 500 added 79.30 points, or 1.08%, to 7,432.91, and the tech-heavy Nasdaq composite climbed 399.65 points, or 1.55%, to 26,270.36.
In particular, the Dow Jones Industrial Average rose more than 600 points in a single day, reclaiming the 50,000 level.
Investor sentiment was buoyed as hopes for talks between the United States and Iran revived and oil prices stabilized. Oil extended losses after comments from U.S. President Donald Trump that negotiations with Iran had entered the "final stage."
July delivery Brent crude futures fell 5.63% from the previous session to $105.02 a barrel, while July delivery West Texas Intermediate (WTI) futures dropped 5.66% to $98.26.
U.S. Treasury yields, which had pressured stocks recently, also fell.
The 30-year U.S. Treasury yield climbed as high as 5.20% the previous day, the record high since July 2007 just before the global financial crisis, but on the day it fell 6.6 basis points to 5.114%. The 10-year U.S. Treasury yield, the benchmark for global bonds, also fell 10 basis points from the previous session to 4.569%.
By stock, technology shares rebounded across the board ahead of Nvidia's earnings release scheduled after the close. Nvidia rose 1.3% on earnings optimism, while AMD and Intel jumped 8.1% and 7.4%, respectively. The Philadelphia Semiconductor Index surged 4.5%.