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Dow Jones Tops 49,000 as Markets Rebound on Easing Middle East Tensions

23 0
06.05.2026

NEW YORK — The Dow Jones Industrial Average climbed above the 49,000 milestone Tuesday morning, rising 0.20% or 99.56 points to 49,041.46 shortly after the opening bell as Wall Street shook off recent geopolitical jitters and focused on corporate earnings and signs of stabilization in the Strait of Hormuz.

At 9:46 a.m. EDT, the blue-chip index had recovered from Monday's sharp sell-off triggered by renewed concerns over U.S.-Iran clashes. The S&P 500 and Nasdaq Composite also traded higher in early dealings, reflecting a broad-based rebound across major benchmarks.

Investors appeared relieved after reports suggested the fragile ceasefire in the Middle East was holding despite Monday's incidents involving a U.S. tanker. Easing oil prices helped support sentiment, with energy stocks rebounding from recent weakness while technology and financial names led gains.

Rebound From Monday's Losses

The Dow had tumbled more than 550 points on Monday amid escalating fears over Project Freedom operations in the Strait of Hormuz. Tuesday's early gains marked a partial recovery, though traders remained cautious as developments in the Persian Gulf continued to unfold.

Analysts noted that the market's resilience reflected strong........

© International Business Times