The Dow surges 1,300 in a worldwide rally as oil plunges toward $90 following a ceasefire with Iran
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Stock markets worldwide surged after a ceasefire agreement between the US, Iran, and Israel, with the Dow Jones Industrial Average rising 1,383 points. Oil prices also plummeted, with the price of a barrel of benchmark US crude oil falling 17.5% to $93.15.
Stock markets are surging worldwide after a ceasefire agreement. The Dow Jones Industrial Average rose 1,383 points, or 3%, and the Nasdaq composite was 3.3% higher. The S&P 500 leaped 2.6% after the agreement was announced. Oil prices are also falling, with the price of a barrel of benchmark US crude oil plunging 17.5% to $93.15. The ceasefire has eased concerns about high inflation and oil prices. Companies with big fuel bills, such as United Airlines and Delta Air Lines, saw significant gains.
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