NEW: Stock Market Surges After Iranian President’s Reported Comments On Ending War

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Stocks ripped higher Tuesday as fresh chatter about a possible end to the U.S.-Iran war lit a fire under Wall Street.

The Dow Jones Industrial Average jumped 979 points, or 2.2%, after briefly surging more than 1,100 points on an unconfirmed report that Iranian President Masoud Pezeshkian may be open to winding down the conflict with guarantees. The S&P 500 climbed 2.6%, while the Nasdaq Composite rallied 3.6%.

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