US stocks end up; Dow adds 930 points

US stocks rallied on Thursday as risk appetite improved after President Donald Trump said Washington was nearing an agreement with Iran, with a rebound in the chip sector.

The Dow Jones Industrial Average jumped 929 points, or 1.86%, to close at 50,848, recouping most of the previous session's losses.

The S&P 500 gained 127 points, or 1.75%, to end at 7,394, while the Nasdaq Composite surged 640 points, or 2.54%, to 25,809.

In Europe, the STOXX 600 index rose 0.54% to 621 points, snapping a three-session losing streak.

Britain's FTSE 100 added 0.48% to 10,303 points. Germany's DAX was little changed at 24,209 points, and France's CAC 40 gained 0.48% to 8,200 points.

In Japan, the Nikkei 225 closed flat at 64,217 after falling nearly 3% earlier in the session, while the broader Topix index slipped 0.45% to 3,830.

Brent crude futures for August delivery fell $2.72, or 2.92%, to settle at $90.38 a barrel.

US West Texas Intermediate crude for July delivery declined $2.32, or 2.58%, to $87.71 a barrel.

Gold futures for August delivery fell $19.30, or 0.46%, to settle at $4,114 an ounce.

What moved markets

Wall Street received a strong boost after Trump called off planned strikes against Iran that had been scheduled for Thursday, citing progress in talks between the two sides. The move coincided with a rebound in chip stocks, easing selling pressure across the technology sector.