All three major indexes on Wall Street opened higher on expectations of a cease-fire deal between the United States and Iran. Gains in tech stocks from the previous day also supported the advance.
At 9:36 a.m. on the 9th (local time) at the New York Stock Exchange, the Dow Jones Industrial Average rose 289.76 points (0.57%) to 51,075.77. The Standard & Poor's (S&P) 500 was up 50.99 points (0.69%) at 7,456.72, and the Nasdaq composite increased 229.21 points (0.88%) to 26,158.87.
Hopes for easing tensions in the Middle East lifted sentiment. U.S. President Donald Trump met reporters at John F. Kennedy International Airport in New York and said about cease-fire talks with Iran, "We are in the final stage of reaching a very good deal," adding, "the timing for sealing the deal is in two or three days."
However, geopolitical uncertainty has not been fully resolved. With Israel bombing the southern Lebanese city of Tyre, there remains caution that tensions in the Middle East could flare again.
Tech shares also led the gains. Broadcom rose 0.91%, Micron Technology climbed 2.46%, and the Philadelphia Semiconductor Index advanced 1.92%. Applied Digital jumped 8.85% on news it signed a 15-year lease with a U.S.-based hyperscaler.
Major European stock markets were mostly higher. The Euro Stoxx 50 was up 1.05% from the previous session at 6,126.24 in transaction, while France's CAC 40 and Germany's DAX rose 0.82% and 0.61%, respectively. By contrast, Britain's FTSE 100 fell 0.41%.
International oil prices fell. At the same time, West Texas Intermediate (WTI) for July 2026 delivery, the front-month contract, dropped 2.76% from the previous session to $88.78 a barrel.