US stocks: Dow soars 900 pts, Nasdaq over 2% as Trump says Iran deal likely soon

Wall Street surged Thursday as President Trump called off Iran strikes, easing oil prices and boosting stocks. Investors anticipate SpaceX's record-breaking IPO today, with shares set to debut Friday.

Despite inflation concerns from producer price data, the market showed resilience, with major indexes posting significant gains. The Fed is expected to maintain current interest rates.