US equity markets rallied sharply as hopes for a diplomatic resolution between Washington and Tehran grew. The Nasdaq achieved its longest winning streak since 1992, while the Dow Jones Industrial Average climbed nearly 2%.
- Dow Jones Industrial Average surged 869 points (1.8%)
- Nasdaq Composite recorded its longest winning streak since 1992
- Market movement driven by hopes of a US-Iran peace deal
- Dow nearly exited correction territory before late-session profit taking
- Broad risk-on sentiment prevailing across major US indices
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