7 hours ago
HomeMarket NewsUS Stock Market LIVE Updates: Dow jumps 360 points as oil tumbles for a second day on Middle East ceasefire hope
US Stock Market LIVE Updates: Oil prices are dropping further, and US stocks are pulling closer to their all-time high on Tuesday (June 24) on hopes that Israel’s war with Iran will not damage the global flow of crude, even if a tentative truce seemed to fray under fire in the morning. The S&P 500 was 0.9% higher in morning trading, following up on even bigger gains for stocks across Europe and Asia, after President Donald Trump said late Monday that Israel and Iran had agreed to a “complete and total ceasefire.”
US Stock Market LIVE Updates: Oil prices are dropping further, and US stocks are pulling closer to their all-time high on Tuesday (June 24) on hopes that Israel’s war with Iran will not damage the global flow of crude, even if a tentative truce seemed to fray under fire in the morning. The S&P 500 was 0.9% higher in morning trading, following up on even bigger gains for stocks across Europe and Asia, after President Donald Trump said late Monday that Israel and Iran had agreed to a “complete and total ceasefire.” The main measure of Wall Street’s health is back within 1.1% of its record set in February after falling roughly 20% below during the spring. The Dow Jones Industrial Average was up 352 points, or 0.8%, as of 10:45 a.m. Eastern time, and the Nasdaq composite was 1.2% higher. The strongest action was again in the oil market, where a barrel of benchmark U.S. crude fell 4.4% to $65.52. Brent crude, the international standard, dropped 5% to $66.96.
Watch this space for all the live updates.
