Markets #stock market#wall street
US stocks rally over 1% as oil prices fall on hopes of US-Iran deal
Wall Street rallied more than 1% on Monday as Brent crude fell 4.9% to $83.65 a barrel on hopes of a US-Iran deal, easing inflation concerns. The S&P 500 gained 1%, the Dow rose 624 points, and the Nasdaq climbed over 1%, while airline shares surged and chip makers fell on AI doubts.
Aug 3, 2026 1 source