US stocks opened sharply higher on Monday after President Donald Trump said the United States and Iran would meet in Doha on Tuesday, according to market updates. The rally added approximately $760 billion in value to US equities, with the Nasdaq 100 rising 1.3%, the S&P 500 gaining 0.80% to 7,412, and the Dow Jones Industrial Average climbing 1.31% to 52,147.08.
Trump wrote that Iran had requested the meeting and that White House special envoy Steve Witkoff and Jared Kushner would travel to Doha for high-level negotiations linked to a memorandum of understanding. However, Iran has not confirmed the talks are scheduled. Iranian Deputy Foreign Minister Kazem Gharibabadi said earlier that technical talks over the memorandum were not planned for this week, creating uncertainty around the timing and format of discussions.