Stock markets rallied worldwide, and oil prices eased after the United States and Iran reached a tentative deal to get the global flow of crude going again.
The S&P 500 rose 1.7 percent Monday on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The Dow Jones Industrial Average climbed 0.9 percent, and the Nasdaq composite jumped 3.1 percent.
Brent crude’s price fell 4.8 percent, helping stocks of companies with big fuel bills to lead the market. AI stocks also rallied following their sharp swings over the last couple weeks.
On Monday:
The S&P 500 rose 122.83 points, or 1.7 percent, to 7,554.29.
The Dow Jones Industrial Average rose 468.77 points, or 0.9 percent, to 51,671.03.
The Nasdaq composite rose 795.10 points, or 3.1 percent, to 26,683.94.
The Russell 2000 index of smaller companies rose 21.10 points, or 0.7 percent, to 2,965.09.
For the year:
The S&P 500 is up 708.79 points, or 10.4 percent.
The Dow is up 3,607.74 points, or 7.5 percent.
The Nasdaq is up 3,441.95 points, or 14.8 percent.
The Russell 2000 is up 483.18 points, or 19.5 percent.
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