Stocks jump and oil eases as Wall Street’s see-saw swings back to hope for an end to the Iran war
Stocks have risen on Wall Street due to hopes for a possible end to the war with Iran, with the S&P 500 increasing by 0.5%. The price of oil has also eased, with Brent crude falling by 4.4% to below $96 per barrel, as a cooldown in fighting could allow oil to flow more freely from the Persian Gulf.
Stocks are higher on Wall Street due to hopes for a possible end to the war with Iran. The S&P 500 rose 0.5% and the Dow Jones Industrial Average was up 257 points. The price of oil has eased, with Brent crude falling by 4.4% to below $96 per barrel. This decrease in oil price has led to companies with big fuel bills rallying, such as Norwegian Cruise Line Holding and United Airlines. The yield on the 10-year Treasury has also fallen to 4.34% from 4.39% late Tuesday. Overall, financial markets are showing optimism despite the uncertainty surrounding the war.
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