Mumbai, April 1 -- U.S. stocks surged to their best day since last spring, and the Dow Jones Industrial Average soared 1,125 points on Tuesday as doubt swung back to hope on Wall Street about a possible end to the war with Iran. The S&P 500 leaped 2.9% for its largest gain since May. Just a day before, worries about the war had sent the main measure of Wall Street's health more than 9% below its all-time high set early this year. The Dow Jones Industrial Average rallied 2.5%, while the Nasdaq composite jumped 3.8%.

Markets turned optimistic overnight after a Wall Street Journal report claimed President Donald Trump told aides he's open to ending the U.S. military campaign against Iran, even if the Strait of Hormuz-through which a fifth o...