Dow surges 600 points in relief rally after Trump says U.S. and Iran have had 'productive' talks

• Dow Industrials surged over 600 points, with the S&P 500, Nasdaq Composite, and Russell 2000 all up more than 1%.
• The rally was sparked by President Trump's statement about 'productive' talks between the U.S. and Iran, signaling progress on a deal.
• Oil prices (WTI Crude) made a significant move lower, dropping approximately 10%.

The market experienced a significant 'relief rally' with the Dow surging 600 points and other major indices gaining over 1%. This positive movement was attributed to President Trump's announcement of 'productive' talks between the U.S. and Iran, easing geopolitical tensions and leading to a substantial 10% drop in oil prices.