US, April 9 -- US equities surged sharply as President Donald Trump announced a temporary two-week ceasefire with Iran as the Dow Jones Industrial Average jumped over 1,100 points, while the S&P 500 and Nasdaq Composite gained more than 2 percent.

Investors reacted to easing geopolitical tensions, tumbling oil prices and a sudden improvement in risk sentiment. This rare alignment of positive factors sparked a broad-based rally across sectors and asset classes.

The Dow surged 1,109 points to 47,693.76, with technology, industrials and financials leading the gains with key drivers included Intel, Home Depot and Caterpillar, all seeing multi-percent jumps. The Nasdaq rose 2.48%, fueled by semiconductor and tech stocks like Lam Research, A...