Oil prices tumble, and Wall Street nears its record in a worldwide rally for stocks
Want to comment on this story? Become a subscriber today. Click here.
New York – Oil prices are dropping further, and U.S. stocks are pulling closer to their all-time high Tuesday 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…
