Jabil stock surged to a record high and led S&P 500 gainers after the circuit board maker's results topped estimates and it lifted its outlook. U.S. equities declined at midday as investors continued to digest the fighting in the Middle East.

US stock market jumps as Dow rallies 500 points as investors grow hopeful that the Israel-Iran conflict may stay contained. After a tense weekend of strikes and retaliation, a Wall Street Journal report hinted that Iran may be open to talks if the U.

Crude oil futures spiked Tuesday after a series of posts from President Trump fueled speculation that the U.S. is on the verge of joining Israel's attack on Iran, which in turn raised questions about the accessibility of oil supplies if the severity of the conflict increases.