U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes Thursday for a potential deal to get the global flow of oil going again. The S&P 500 jumped 1.8%, coming off a back-to-back drop that had yanked it back to where it was in early May. The Dow Jones Industrial Average leaped 1.9%, and the Nasdaq composite rallied 2.5%. Strong gains for chip stocks helped offset a slide for Oracle. Treasury yields eased sharply in the bond market.

Oil prices rose following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks retreated from their records. The S&P 500 fell 0.7% Wednesday from its all-time high and snapped a nine-day winning streak. The Dow Jones Industrial Average dropped 1.2%, and the Nasdaq composite sank 0.9%. Oil prices rose roughly 2% after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones. Treasury yields also climbed in the bond market to further crank up the pressure on stocks. The smallest U.S. stocks fell to the sharpest losses.

U.S. stocks pushed to more records as profits keep piling up for companies like Dollar Tree, Snowflake and Hormel Foods. A tentative deal to extend the ceasefire in the war with Iran by 60 days also helped lift the market and rein in oil prices on Thursday. The S&P 500 added 0.6% to its all-time high set the day before after drifting between small gains and losses in the morning. The Dow Jones Industrial Average rose less than 0.1%, and the Nasdaq composite climbed 0.9%, and both indexes also set records. Treasury yields eased in the bond market.

The split between Wall Street and most U.S. households keeps growing wider. The S&P 500 added 0.4% Friday and pulled closer to its all-time high to finish its eighth straight winning week, its longest such streak since 2023. The Dow Jones Industrial Average rose 0.6%, and the Nasdaq composite gained 0.2%. Ross Stores, Workday and Zoom Communications helped drive the market higher after reporting stronger profits than analysts expected. The gains came even as a survey showed sentiment among U.S. households fell to a record low on worries about inflation and high oil prices caused by the war with Iran.

U.S. stocks ticked higher following the latest reversal for oil prices. The S&P 500 rose 0.2% Thursday and inched closer to its all-time high set last week. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite climbed 0.1%. All three indexes erased early drops and gained strength after the price of a barrel of Brent dropped from $109 in the morning to settle below $103. Oil prices have swung with uncertainty about what will happen with the Iran war. The lower oil prices helped yields to ease in the bond market.

The U.S. stock market bounced back after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains. The S&P 500 climbed 1.1% Wednesday for its first rise in four days and neared its all-time high set last week. The Dow Jones Industrial Average added 1.3%, and the Nasdaq composite rallied 1.5%. Stocks got a lift from easing yields in the bond market, which halted their sharp recent climbs on worries about inflation. The yield on the 10-year Treasury fell back below 4.60% as the price of Brent crude oil dropped more than 5%.