Jun. 24 at 9:00 PM
$DJIA Stocks rose while oil prices plummeted again on Tuesday, as investors bet that a delicate ceasefire between Israel and Iran will hold.
The Dow Jones Industrial Average
climbed 507.24 points, or 1.19%, and closed at 43,089.02. The S&P 500
gained 1.11% to end at 6,092.18. The broad market index is now about 0.9% away from its 52-week high. The Nasdaq Composite
advanced 1.43%, settling at 19,912.53. The Nasdaq 100
added 1.53% for a record close of 22,190.52.
Oil prices were sharply lower for a second straight day. U.S. crude oil
settled 6% lower, while international benchmark Brent
dropped 6.1%. A day earlier, U.S. crude oil fell more than 7%. Gains for equities gained steam as oil hit a fresh low for the session, which brought its two-day loss to 13%.