US stock market today: Wall Street rallies over 1% on falling oil prices, hopes of deal with Iran

Aug 3, 2026 - 20:00
US stock market today: Wall Street rallies over 1% on falling oil prices, hopes of deal with Iran

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Oil prices declined on Monday, providing relief to Wall Street by easing concerns that inflationary pressures could intensify further. The softer crude prices lifted US equities, although financial markets continued to witness significant volatility.

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