{"id":1801,"date":"2026-06-11T19:42:47","date_gmt":"2026-06-11T19:42:47","guid":{"rendered":"https:\/\/metrotransitreview.com\/?p=1801"},"modified":"2026-06-11T19:42:47","modified_gmt":"2026-06-11T19:42:47","slug":"dow-jumps-nearly-800-points-after-trump-calls-off-iran-strikes-chip-stocks-rebound","status":"publish","type":"post","link":"https:\/\/metrotransitreview.com\/?p=1801","title":{"rendered":"Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound"},"content":{"rendered":"
\n

US stocks roared back Thursday afternoon as President Trump called off impending strikes on Iran \u2013 allowing chip stocks to rebound following intense declines over the past few weeks.<\/p>\n

Read more Mariska Hargitay has emotional moment with Jalen Brunson after Knicks win: \u2018I love you\u2019<\/a><\/p>\n

The Dow Jones Industrial Average soared 782 points, or 1.6%, by approximately 2:40 p.m. ET, while the S&P 500 and Nasdaq rose 1.2% and 1.6%, respectively.\u00a0<\/p>\n

\u201cBased on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening,\u201d Trump wrote in a Truth Social post at 1:28 p.m. ET.<\/p>\n

He added that discussions have been \u201capproved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others.\u201d<\/p>\n

The president on Thursday told The Post that the long-awaited agreement to reopen the Strait of Hormuz and begin nuclear negotiations with Tehran is \u201cpretty much all wrapped up.\u201d<\/p>\n

Brent crude oil prices fell 2.7% to $90.61 a barrel, while West Texas Intermediate dipped 2.4% to $87.91 a barrel.\u00a0<\/p>\n

National average gasoline prices, which lag oil prices by a few weeks, hit $4.13 a gallon on Thursday, according to AAA \u2013 down from a week ago but still nearly 40% higher than pre-war prices.<\/p>\n

Investors were on edge earlier in the day after the US and Iran exchanged strikes for the second consecutive day on Wednesday, and Trump on Thursday warned that the US would attack Iran \u201cVERY HARD TONIGHT\u201d without a peace deal.<\/p>\n

The president also said the US would soon take control of Kharg Island, a major energy hub for 90% of Iranian crude oil experts, and \u201cother oil infrastructure points.\u201d<\/p>\n

Read more 6th-grader chokes to death in NY school during apparent TikTok challenge<\/a><\/p>\n

The Bureau of Labor Statistics also released the Producer Price Index Thursday morning, showing wholesale inflation in May hit its hottest level since November 2022 \u2013 dashing hopes for interest-rate cuts.<\/p>\n

Markets breathed a sigh of relief with news of the cancelled airstrikes, allowing chip and tech stocks to regain some losses from the past few weeks of declines.<\/p>\n

Micron Technology, Advanced Micro Devices and Intel rose 7.2%, 5.6% and 6.8%, respectively. <\/p>\n

Shares in Apple and Nvidia jumped 1.3% and 0.8%, respectively.<\/p>\n

The iShares Semiconductor ETF gained 6.1%. The chip ETF had plummeted 10% Friday.<\/p>\n

\n<\/div>\n

Investors had pulled back on crypto, chip and tech investments in preparation for a series of heavyweight AI IPOs coming up \u2013 starting with SpaceX\u2019s IPO on Friday.<\/p>\n

The rocket-launch firm\u2019s public debut is eyeing a $1.75 trillion valuation, which would make founder Elon Musk the world\u2019s first trillionaire. He is currently the richest person in the world with a $788.9 billion net worth, according to Forbes.<\/p>\n

Oracle, on the other hand, did not enjoy the tech boost on Thursday, as its shares sank 10%.<\/p>\n

Though the software company reported an earnings beat on the top and bottom line, it spooked investors with plans to spend an additional $20 billion \u2013 while reporting negative free cash flow for the year.<\/p>\n

Read more Trump calls off Iran strikes, tells The Post the US-Tehran deal is \u2018all wrapped up\u2019<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

US stocks roared back Thursday afternoon as President Trump called off impending strikes on Iran \u2013 allowing chip stocks to rebound following intense declines over the past few weeks.<\/p>\n","protected":false},"author":1,"featured_media":1800,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nDow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound - Metro Transit Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/metrotransitreview.com\/?p=1801\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound - Metro Transit Review\" \/>\n<meta property=\"og:description\" content=\"US stocks roared back Thursday afternoon as President Trump called off impending strikes on Iran \u2013 allowing chip stocks to rebound following intense declines over the past few weeks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/metrotransitreview.com\/?p=1801\" \/>\n<meta property=\"og:site_name\" content=\"Metro Transit Review\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-11T19:42:47+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#\\\/schema\\\/person\\\/7cd7bd9683106710eed62ba5da559b14\"},\"headline\":\"Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound\",\"datePublished\":\"2026-06-11T19:42:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801\"},\"wordCount\":541,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/fc6ab0460888fdeb1fa5bf199dc81198.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801\",\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801\",\"name\":\"Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound - Metro Transit Review\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/fc6ab0460888fdeb1fa5bf199dc81198.webp\",\"datePublished\":\"2026-06-11T19:42:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#\\\/schema\\\/person\\\/7cd7bd9683106710eed62ba5da559b14\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801#primaryimage\",\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/fc6ab0460888fdeb1fa5bf199dc81198.webp\",\"contentUrl\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/fc6ab0460888fdeb1fa5bf199dc81198.webp\",\"width\":1200,\"height\":799},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1801#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/metrotransitreview.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#website\",\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/\",\"name\":\"Metro Transit Review\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/metrotransitreview.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#\\\/schema\\\/person\\\/7cd7bd9683106710eed62ba5da559b14\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/metrotransitreview.com\"],\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound - Metro Transit Review","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/metrotransitreview.com\/?p=1801","og_locale":"en_US","og_type":"article","og_title":"Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound - Metro Transit Review","og_description":"US stocks roared back Thursday afternoon as President Trump called off impending strikes on Iran \u2013 allowing chip stocks to rebound following intense declines over the past few weeks.","og_url":"https:\/\/metrotransitreview.com\/?p=1801","og_site_name":"Metro Transit Review","article_published_time":"2026-06-11T19:42:47+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/metrotransitreview.com\/?p=1801#article","isPartOf":{"@id":"https:\/\/metrotransitreview.com\/?p=1801"},"author":{"name":"admin","@id":"https:\/\/metrotransitreview.com\/#\/schema\/person\/7cd7bd9683106710eed62ba5da559b14"},"headline":"Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound","datePublished":"2026-06-11T19:42:47+00:00","mainEntityOfPage":{"@id":"https:\/\/metrotransitreview.com\/?p=1801"},"wordCount":541,"commentCount":0,"image":{"@id":"https:\/\/metrotransitreview.com\/?p=1801#primaryimage"},"thumbnailUrl":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/fc6ab0460888fdeb1fa5bf199dc81198.webp","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/metrotransitreview.com\/?p=1801#respond"]}]},{"@type":"WebPage","@id":"https:\/\/metrotransitreview.com\/?p=1801","url":"https:\/\/metrotransitreview.com\/?p=1801","name":"Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound - Metro Transit Review","isPartOf":{"@id":"https:\/\/metrotransitreview.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/metrotransitreview.com\/?p=1801#primaryimage"},"image":{"@id":"https:\/\/metrotransitreview.com\/?p=1801#primaryimage"},"thumbnailUrl":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/fc6ab0460888fdeb1fa5bf199dc81198.webp","datePublished":"2026-06-11T19:42:47+00:00","author":{"@id":"https:\/\/metrotransitreview.com\/#\/schema\/person\/7cd7bd9683106710eed62ba5da559b14"},"breadcrumb":{"@id":"https:\/\/metrotransitreview.com\/?p=1801#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/metrotransitreview.com\/?p=1801"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/metrotransitreview.com\/?p=1801#primaryimage","url":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/fc6ab0460888fdeb1fa5bf199dc81198.webp","contentUrl":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/fc6ab0460888fdeb1fa5bf199dc81198.webp","width":1200,"height":799},{"@type":"BreadcrumbList","@id":"https:\/\/metrotransitreview.com\/?p=1801#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/metrotransitreview.com\/"},{"@type":"ListItem","position":2,"name":"Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound"}]},{"@type":"WebSite","@id":"https:\/\/metrotransitreview.com\/#website","url":"https:\/\/metrotransitreview.com\/","name":"Metro Transit Review","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/metrotransitreview.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/metrotransitreview.com\/#\/schema\/person\/7cd7bd9683106710eed62ba5da559b14","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/metrotransitreview.com"],"url":"https:\/\/metrotransitreview.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/posts\/1801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1801"}],"version-history":[{"count":0,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/posts\/1801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/media\/1800"}],"wp:attachment":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}