Dow Jones Today: Industrial Average Rises as Iran Ceasefire Hopes Offset Oil and Fed Fears
The Dow Jones rose 83.20 points to 46,587.48 by midday Monday as hopes for Iran ceasefire talks steadied Wall Street. JPMorgan Chase and Visa led gains, while oil stayed above $110 a barrel and services PMI slipped to 54.0. Iran rejected a ceasefire, and President Trump set a Tuesday deadline to reopen the Strait of Hormuz. Trading was lighter due to holidays in Europe and Asia.