Stocks rise and oil prices ease as Wall Street keeps yo-yoing because of the war with Iran
Stocks rose on Wall Street as hopes for a possible end to the war with Iran pushed markets higher, with the S&P 500 rising 0.5% and the Dow Jones Industrial Average adding 305 points. Oil prices eased, with the price for a barrel of Brent crude falling 3% to settle at $97.26, as optimism grew that a cooldown in fighting could allow oil and natural gas to flow more freely from the Persian Gulf.
Stocks rose 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 added 305 points. Oil prices eased, with Brent crude falling 3% to $97.26. The price drop is due to optimism that a cooldown in fighting could allow oil and natural gas to flow more freely from the Persian Gulf. The US military deployed paratroopers and more Marines to the region. Stock indexes climbed more than 1% in London, Paris, and Shanghai.
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