BUSINESSAug 3 · 14:30 UTCQUARTZCris Tolomia

The Dow is up 700 points after Trump called off strikes on Iran and oil tumbled

The Dow rose 700 points, the S&P 500 gained 1%, and the Nasdaq increased 1.2% as crude oil prices fell over 6% following Trump's decision to cancel potential strikes on Iran and renewed optimism about diplomatic efforts.

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Donald TrumppersonIranplaceDow Inc.organizationS&P 500organizationNasdaqorganizationCrude Oiltopic

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