US Stock Market Today: NASDAQ 100 Eyes Longest Winning Streak Since 2021 as Oil Prices Slide Further

Wall Street’s main indexes advanced in morning trading. The rose 0.7%, the NASDAQ 100 gained 0.9%, and the Dow Jones Industrial Average added 0.5%. The rally extended to other regions, with the Stoxx Europe 600 up 0.9% and the MSCI World Index rising 1%.

The move came as oil prices pulled back sharply. West Texas Intermediate crude fell 4.8% to $94.31 a barrel, while Brent dropped toward $96. This eased some pressure on markets after weeks of concern that the Middle East conflict could disrupt energy supplies and push inflation higher.

Reports that the may resume talks also supported risk appetite. Iran is weighing a short-term pause in shipments through the Strait of Hormuz as both sides prepare for another meeting, according to a person familiar with the matter. This helped calm fears of a deeper supply shock.

Charu Chanana, chief investment strategist at Saxo Markets, said, “Markets were already leaning toward the view that diplomacy would stay alive in some form.” She added, “This signal matters because it turns that hope into something more tangible, and that is enough to reinforce the relief trade.”