Stock market today: Dow, S&P 500, Nasdaq rise after Trump remarks on ending war with Hormuz closed

Market Reactions - US stock futures rose significantly, with S&P 500 contracts up 0.8%, Nasdaq 100 futures climbing 0.7%, and Dow Jones Industrial Average futures leaping 0.9% following President Trump's comments about potentially ending the war in Iran [1][2] - Investor sentiment had previously declined due to expanding geopolitical risks, with the CBOE Volatility Index remaining above 30, indicating high market anxiety [3] Oil and Gas Prices - The average price of gasoline in the US reached $4.02 per gallon, the highest since August 2022, reflecting a rise of over $1 from $2.98 in the past month due to the ongoing conflict in Iran [5][6] - International oil prices have surged approximately 50% over the past month, with Brent crude trading around $107.80 per barrel and West Texas Intermediate crude at $102 per barrel [7] - Diesel prices have also increased, with the national average reaching $5.45 per gallon [9] Federal Reserve and Economic Outlook - Federal Reserve Chair Jerome Powell indicated that inflation pressures appear contained, suggesting no immediate need for further rate hikes, which may provide some stability in the financial markets [4] - Investors are anticipating new economic data, including consumer confidence and job openings, which will offer insights into the health of the US economy [5]