Major indexes on the New York stock market opened higher on the 3rd (local time). Analysts said easing tensions in the Middle East surrounding the United States and Iran pushed down international oil prices, lifting stocks.
At 9:46 a.m., on the New York Stock Exchange, the Dow Jones industrial average started the session at 53,048.23, up 563.20 points (1.07%) from the previous close.
The Standard & Poor's (S&P) 500 rose 50.30 points (0.67%) to 7,540.02, and the tech-heavy Nasdaq composite gained 223.26 points (0.88%) to 25,597.12.
Reuters and other outlets reported that expectations for easing Middle East tensions between the United States and Iran pulled down oil prices, boosting stocks.
U.S. President Donald Trump met with White House reporters on the 2nd and said, "There is an agreement on Hormuz," adding, "Then there will be an agreement on the nuclear issue, or what could be called Iran's denuclearization."
On the 1st, he canceled airstrikes against Iran and also said talks with Iran would begin from the afternoon of the day. However, Iran has said it will not negotiate with the United States at this stage.
By sector, communications and consumer discretionary were strong, while energy and utilities weakened.
European stocks were also mostly higher. The Euro Stoxx 50 was up 0.94% from the previous close at 6,517.75. France's CAC 40 and Germany's DAX rose 1.13% and 1.35%, respectively, while Britain's FTSE 100 fell 0.11%.
International oil prices saw the front-month West Texas Intermediate (WTI) September 2026 delivery trading at $78.24, down 7.56% from the prior session.