US stock markets recorded a sharp rise after President Donald Trump made positive remarks about canceling an attack on Iran. Late Thursday, major Wall Street indices turned upward following his comments suggesting that a deal with Iran was very close. The Dow Jones Industrial Average climbed 1.75 percent, while the technology-focused Nasdaq Composite rose 2.54 percent.

Rick Meckler, a partner at Cherry Lane Investments in New Jersey, said the administration viewed the day as one when the war might be ending, which lifted the markets. However, he expressed some doubt, questioning whether this was another false signal or a genuine end to tensions. Meckler added that the ongoing war and inflation, particularly in the energy sector, had been major pressures on the market, and any real resolution would be a clear positive for investors.

The report cited Al Jazeera as its source, noting that the market reaction reflected optimism about easing geopolitical risks and potential stability in global trade and energy prices.