US Stock Market Today | Dow Jones | Nasdaq Live: US stocks pare gains as Iran rejects US proposal, Dow up 400 pts
US stocks gained on Wednesday as prospects of a de-escalation in the Middle East conflict allayed some investor fears around prolonged energy supply disruptions. The Dow Jones Industrial Average rose over 400 points, while the S&P 500 and Nasdaq Composite also saw significant gains.
US stocks rose on Wednesday due to hopes of a Middle East ceasefire. The Dow Jones Industrial Average gained 553.74 points to 46,677.80. The S&P 500 and Nasdaq Composite also increased. Iran rejected a US proposal to end the war, but discussions may occur in Pakistan or Turkey. US crude stocks and distillate inventories rose, while gasoline inventories fell. Oil futures remained negative, with Brent crude at $100.28 a barrel and US West Texas Intermediate crude at $88.52 a barrel.
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