S&P 500 Surges 2.9%, Adding About $1.7 Trillion in Market Value

The S&P 500 rose 2.9% to 6,528.52, adding about $1.7 trillion in market value in a single day.

The Nasdaq jumped about 3.8% led by mega-cap tech names while the Dow gained roughly 2.5%.

Oil prices eased as markets priced in possible de-escalation in the US‑Iran conflict, helping drive a broad risk-on rally.

Bitcoin rallied above $69,000 intraday with ETF inflows supporting the move, then consolidated below resistance.

Volatility remains elevated and future market direction will depend on geopolitical, rate, and earnings developments.