US stock market opens higher as Trump pauses strikes on Iran

US stock market rallied on Monday after President Donald Trump announced halting strikes on Iranian power plants and energy infrastructure. The Dow Jones Industrial Average jumped 905 points, or 2%, while the S&P 500 and the Nasdaq Composite rose 2.06% and 2.33%. Notably, before Trump’s comments, futures were pointing to more losses for equity markets due to rising oil prices.