The Dow Jones Industrial Average was pulling back from earlier gains on Wednesday after a report that a direct meeting between Iran and the U.S. could be the last opportunity to avoid a full-fledged escalation of conflict in the Middle East.

Trump claimed the U.S. held “very good” talks with Iran, which disputed ever holding negotiations.

US stocks rallied and oil prices tumbled Monday morning after President Trump announced a five-day pause on plans to strike Iranian power plants after what he called “productive” talks with Tehran. The Dow Jones Industrial Average soared 745 points,

Behind positive gains for shares of Sherwin-Williams Co. and Merck, the Dow Jones Industrial Average is climbing Wednesday afternoon. Shares of Sherwin-Williams Co. and Merck are contributing to the blue-chip gauge's intraday rally,

US stocks rise as Iran de-escalation hopes push oil lower. Oil, interest rate expectations drive markets; inflation fears cap upside. Tech stocks lead gains; Arm surge boosts chipmakers. Wall Street opened higher on Wednesday as hopes of a potential de-escalation in the Middle East conflict boosted investor sentiment and eased concerns over energy supply disruptions.

The S&P 500 and Nasdaq finished in the red for February amid growing fears about the impact of artificial intelligence on the economy.

Some economists expected the Iran war’s impact on the markets to be short-lived.

Dow is packing up its Energy Corridor offices and locking in fresh digs at CityCentre Six, giving Midway’s newest tower the kind of blue-chip tenant landlords dream about as they race toward a 2026 opening.

DMA and fallen ~10% from its peak, with the recent rebound likely a dead cat bounce rather than a sustainable reversal.

The Fed said the Iran war’s impact on the U.S. is “uncertain,” as oil prices briefly neared $120.