Dow Jones Top Markets Headlines at 3 AM ET: Stocks Have Even More Room to Fly if Hormuz Reopens | Bank ...

Stocks leaped after President Trump announced a deal to end the war with Iran, with the Dow industrials closing at a record. Oil prices slid on the news, and energy shares such as Exxon and Valero declined as expectations for supply relief grew. The broader backdrop included the Bank of Japan lifting its policy rate to 1% and signaling continued tapering, while Australia’s central bank held rates. In New York, manufacturing activity rose more slowly in June, with the NY Fed index at 5.7 versus 19.6 in May, and investors awaited the Iran deal’s text ahead of a G-7 meeting.