The Economic Times

Dow Jones surges over 300 points today: Why Dow is up more than 0.6% as S&P 500 and Nasdaq rally - Bitcoin jumps above $70,000

Dow Jones surged 302 points to 48,804, rising 0.62% in todays US stock market. The rally comes despite the US-Iran war tensions. The S&P 500 climbed to 6,875 (+0.87%). The Nasdaq jumped to 22,844 (+1.46%) led by tech stocks like Nvidia and Tesla. Investors gained confidence after the US pledged naval protection for oil tankers in the Strait of Hormuz, easing energy fears. Oil prices slipped near $74 WTI and $77 Brent. Strong US services data at 56.1 and Bitcoin crossing $70,000 boosted risk appetite across Dow Jones, S&P 500, and Nasdaq today.