Why is Dow Jones surging today? Dow jumps nearly 400 points — Will S&P 500 and Nasdaq extend the US stock market rally?

Dow Jones today: The Dow Jones Industrial Average rose to 48,133, up about 0.82%, while the S&P 500 climbed to 6,834 and the Nasdaq Composite reached 22,865. Investors returned to equities after oil prices dropped near $84 per barrel, easing inflation fears. Tech and semiconductor stocks like NVIDIA and Intel helped lift the market. At the same time, traders balanced risks from Middle East tensions and Iran conflict headlines. Wall Street is now watching upcoming CPI inflation data and major tech earnings. If inflation cools, analysts expect the Dow, S&P 500, and Nasdaq rally to extend.