Dow surges almost 930 points after the bell as oil drops on Iran strike reversal
Dow surges 1.86% to 50,848.38 as oil prices plunge after President Trump cancels planned strikes on Iran, easing geopolitical fears; Honeywell, Boeing, Caterpillar, Nike, and Amgen lead gains, while Chevron and Microsoft lag; Brent crude drops 3.93% to $89.44, but inflation concerns persist with May PPI up 1.1% and final demand prices up 6.5% year-over-year.