Oil prices plunge toward $90 a barrel and US stocks surge 2.7% after US and Iran reach a ceasefire
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Stock markets have surged worldwide and oil prices have plunged after the US and Iran agreed to a two-week ceasefire. The S&P 500 leaped 2.6% and the Dow Jones Industrial Average was up 1,383 points, or 3%, as of 9:35 a.m. Eastern time.
Stock markets are surging worldwide after the US and Iran agreed to a ceasefire. Oil prices are plunging back toward $90 per barrel. The S&P 500 and Dow Jones Industrial Average saw significant gains. The ceasefire has eased concerns about high oil prices and inflation. Companies with big fuel bills, such as United Airlines and Delta Air Lines, saw their stocks rise. The yield on the 10-year Treasury fell to 4.25% from 4.33% late Tuesday.
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