Trump Cancels Planned Attacks on Iran, Stocks Rally: Market Reactions

Markets rallied after President Trump called off planned strikes on Iran, removing an immediate geopolitical tail risk. US benchmarks, led by the S&P 500, erased most intraday losses and retested the 7,400 level as risk-on flows returned. Oil, which briefly spiked near $110 on the initial escalation, saw profit-taking and heavy selling as stocks recovered. Metals (notably silver and copper) bounced modestly, while the US Dollar (DXY) fell back under the 99.00 mark after failing to hold its 50-hour moving average. Overall the piece is a market-reaction overview: geopolitical de-escalation sparked a relief rally in equities, pressure on oil and the dollar, and contained rebounds in metals.