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43%  
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  • Dow jumps 700 points, oil tumbles as Trump cancels evening strikes against Iran

    06/11/2026 10:43:15 AM PDT · by Miami Rebel · 20 replies
    CNBC ^ | June 11, 2026 | Sean Conlon
    U.S. equities gained on Thursday, boosted by a rebound in chip stocks after recent pressure, after President Donald Trump said that he has called off the strikes on Iran scheduled for this evening. The S&P 500 gained 1.1%, while the Nasdaq Composite added 1.5%. The Dow Jones Industrial Average rose 712 points, or 1.5%. West Texas Intermediate crude futures were last trading around the flatline at roughly $90 a barrel. Oil prices had risen earlier in the day after President Donald Trump said in a post on Truth Social that the U.S. will be attacking Iran “VERY HARD TONIGHT.” He...