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US stocks surge at open: Dow Jones jumps 300 points, Nasdaq up 1%

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June 24, 2025
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US stocks surge at open: Dow Jones jumps 300 points, Nasdaq up 1%
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US stocks rose on Tuesday while oil prices extended their slide, as investors wagered that the newly brokered ceasefire between Israel and Iran would hold—at least for now—and as Federal Reserve Chair Jerome Powell signalled patience on rate cuts.

The Dow Jones Industrial Average rose by 305 points, or 0.7%, while the S&P 500 and Nasdaq Composite each gained 0.7% and 1%, respectively, buoyed by easing geopolitical tensions and a return of risk appetite.

Oil prices dropped for a second straight session.

US crude fell over 4%, after plunging more than 7% on Monday.

Brent, the international benchmark, also declined sharply.

The retreat in oil supported a rally in airline stocks, with United Airlines, Frontier, and Delta all rising more than 2%.

The moves came as President Donald Trump pushed to enforce a fragile ceasefire between Israel and Iran.

Both nations accused each other of violating the truce, but US diplomatic efforts appeared to hold the agreement in place as of Tuesday morning.

“The market response to the escalation and subsequent ceasefire hopes aligns with our view that geopolitical shocks have tended to have a temporary impact on global financial markets,” said Solita Marcelli, CIO Americas at UBS Global Wealth Management.

Tuesday’s gains added to Monday’s rally, which had been sparked by Qatar’s Defense Ministry confirming its air defenses intercepted an Iranian missile targeting a US base, helping contain fears of broader regional escalation.

Meanwhile, Fed Chair Jerome Powell, testifying before the House Financial Services Committee, said the central bank would remain cautious and monitor the economic impact of Trump’s tariffs before making any policy moves.

Though Powell gave no clear timeline for rate cuts, two Fed officials recently hinted at a possible shift as early as July.

Markets appear to be weighing both geopolitical and monetary policy developments carefully, with investors finding room for optimism amid fading conflict risks and stable economic signals.

Trump demands peace

US President Donald Trump on Tuesday sharply criticized both Israel and Iran for breaching the recently brokered ceasefire, expressing particular disapproval of Israel’s apparent plans to resume military operations.

Speaking to reporters en route to the NATO summit in The Hague, Trump said he was “not happy” with the behaviour of either party but reserved his strongest words for Israel.

“I’m not happy with them. I’m not happy with Iran either, but I’m really unhappy if Israel is going out this morning,” he told the press pool.

The comments came just hours after a fragile truce took effect, following 12 days of hostilities that included missile exchanges and US airstrikes on Iranian nuclear sites.

In a forceful message posted to Truth Social, Trump directly warned Israel against launching further strikes.

“ISRAEL. DO NOT DROP THOSE BOMBS. IF YOU DO IT IS A MAJOR VIOLATION. BRING YOUR PILOTS HOME, NOW!” he wrote, signing the post as President of the United States.

Shortly after the statement, Trump announced that Israeli aircraft would abort their mission.

“All planes will turn around and head home, while doing a friendly ‘Plane Wave’ to Iran. Nobody will be hurt, the Ceasefire is in effect!” he posted.

In a follow-up message, the president claimed Iran would “never rebuild their nuclear facilities,” signaling that the US believes its airstrikes have inflicted lasting damage.

The post US stocks surge at open: Dow Jones jumps 300 points, Nasdaq up 1% appeared first on Invezz

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