Wall St recovers after Trump postpones strikes on Iran's power plants

Market Reaction - The main U.S. indexes experienced significant gains following President Trump's announcement to postpone military strikes against Iranian power plants, which was attributed to "productive conversations" with Tehran [1] - Global markets showed a sharp recovery, with Europe's STOXX 600 and precious metals rising, while oil prices fell, indicating an improved risk appetite [3] Investor Sentiment - Investors reduced their expectations for interest rate hikes from the U.S. Federal Reserve, with the probability of a rate cut in December now at 24%, down from over 50% previously [4] - The Dow Jones Industrial Average rose by 888.09 points (1.95%) to 46,465.56, the S&P 500 increased by 108.40 points (1.67%) to 6,614.88, and the Nasdaq Composite gained 399.63 points (1.85%) to 22,047.64, marking the largest single-day jumps since February 6 [6] Sector Performance - The CBOE Volatility Index, which measures market fear, decreased after reaching a two-week high, indicating reduced investor anxiety [7] - Oil prices fell by more than 10%, while energy stocks showed mixed results, with the energy index up 0.6% [7] - Airline stocks surged, with American Airlines and United Airlines each gaining over 5%, and cruise ship operators like Carnival Corp and Norwegian Cruise Lines saw increases of more than 7% [7]