Dow soars 1,000 points, S&P 500 hits record as Bessent signals Iran deal is close — and Palantir rallies 29%

The Dow Jones Industrial Average surged 1,041 points, representing a 2% increase, while the Nasdaq jumped 2.4%. The S&P 500 reached a new record high of 7,736.85, rising 1.8%. This market rally followed signals from Bessent that an Iran deal is close. Palantir saw a significant rally of 29%, and Caterpillar also contributed to lifting the Dow. These movements reflect a strong upward trend across major US indices during the trading session.