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Wall Street Rallies After Trump Scraps Iran Strike Plans

President Trump’s decision to call off military strikes against Iran triggered an immediate market pivot on Thursday, driving major indexes higher as geopolitical anxiety receded. The announcement, delivered via Truth Social, signaled that diplomatic channels with Tehran are open, cooling the volatility that previously gripped trading floors.

Wall Street Rallies After Trump Scraps Iran Strike Plans

The shift in sentiment sent oil prices into a sharp decline, providing the necessary relief for stocks to recover from recent session losses. While the broader market found its footing, the tech sector struggled to gain momentum, remaining trapped in correction territory.

Individual performance varied across the board as investors recalibrated portfolios. Oracle shares plummeted following disappointing capital spending forecasts, casting a shadow over the sector's outlook. Attention now shifts toward Friday, when the market braces for the highly anticipated debut of SpaceX.

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