Dow Jones Top Markets Headlines at 3 AM ET: Stocks Rally, Gas Prices Fall as U.S., Iran Move Ahead on Peace Deal | Hormuz ...

Stocks rallied as investors priced in progress toward a peace deal between the United States and Iran, lifting mood after a wobble earlier in the week. The Nasdaq advanced nearly 2%, reversing a Wednesday decline, and the broader market benefited from gains in technology and communications names. The Hormuz corridor reopening provided relief for the global economy by easing potential energy bottlenecks, though observers warned the unwind could take months. Ongoing debates over inflation, rate paths, and global supply chains kept a cautious tone in the backdrop as markets digested macro signals from Europe, Asia, and North America.