Dow rises 309.72 points as Iran concerns ease

  • Dow Jones Industrial Average opened higher after three consecutive sessions of declines.
  • 51,771.62 was the Dow’s level at 9:35 a.m., up 309.72 points.
  • Nasdaq Composite gained 340.55 points as oil prices and Treasury yields eased.

The Dow Jones Industrial Average opened higher on the 17th, recovering after three straight declines and rebounding from a three-month closing low. At 9:35 a.m., the index stood at 51,771.62, up 309.72 points from the previous close. Investor sentiment improved as excessive caution over the Iran situation diminished, U.S. crude oil futures declined and long-term U.S. Treasury yields paused their rise. Falling oil prices were viewed as reducing inflationary pressure. Bargain hunting in blue-chip stocks supported expectations for a technical rebound, while dip-buying broadened as geopolitical concerns receded. The tech-heavy Nasdaq Composite also rose 340.55 points to 26,318.97.

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