# Stock Markets Rally as Trump Calls Off Iran Attack, Oil Prices Ease Dow, S&P 500, and Nasdaq futures show significant gains. - **Source:** [Yahoo Finance](https://brifing.si/source/7f1dcdb9-78c9-4a6d-ac05-c0d4d417b569) - **Published:** 2026-08-03 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/47daac64-9c33-4628-a8dd-bbe9a483469f ## Stock Markets Begin to Rise US stock futures showed significant gains, with the Dow Jones, S&P 500, and Nasdaq indices all climbing. This rally was fueled by President Donald Trump's decision to call off a planned attack on Iran. The easing of oil prices and bond yields also contributed positively to market sentiment. ## Trump's Move on Iran President Donald Trump canceled a planned military operation against Iran, reducing tensions in the region. Markets reacted positively to the avoidance of a potential conflict scenario. Oil prices also declined following this development, further boosting investor confidence. ## Decline in Oil Prices Brent crude prices fell by 3% to $64 per barrel, while WTI crude dropped 2.5% to below $57. This decline in oil prices eased inflation concerns, providing a positive signal for stock markets. Lower energy costs are generally seen as beneficial for corporate earnings. ## Bond Yields Ease The yield on 10-year US Treasury notes fell to 2.02%, indicating reduced risk aversion. This movement in the bond market increased demand for equities. Investors began shifting from safer assets to stocks, driving market gains. ## Tech Stocks Lead the Charge Technology stocks on the Nasdaq index posted significant gains, with giants like Apple, Microsoft, and Amazon rising between 1.5% and 2%. These companies became the driving force behind the broader market rally. The tech sector's strength reinforced investor confidence. ## Global Market Impact The developments in the US had a ripple effect on global markets. Asian markets closed with modest gains, while European markets opened positively. International investors showed increased risk appetite, mirroring the US market's upward trend. ## Investor Psychology The market rally highlights how fragile investor psychology can be. A reduction in geopolitical tensions can immediately boost markets. However, experts caution that such effects may be short-lived, and underlying economic fundamentals remain crucial. ## Looking Ahead Market performance in the coming weeks will depend heavily on geopolitical developments. A complete resolution of tensions with Iran could lead to further gains. However, any new crisis could quickly erase these advances, keeping investors on edge. ## Sources covering this story - https://finance.yahoo.com/markets/live/stock-market-today-monday-august-3-dow-sp-500-nasdaq-092516872.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._