Stocks rose on Wednesday as oil prices and U.S. Treasury yields declined amid growing optimism that the Middle East conflict could soon be resolved.
Investors also awaited Nvidia’s upcoming earnings report.
The Dow Jones increased by 645.47 points (1.31%) to close at 50,009.35.
The S&P 500 gained 1.08%, ending at 7,432.97, and the Nasdaq rose 1.54% to 26,270.36.
Oil prices fell significantly West Texas Intermediate futures dropped 5.66% to $98.26 per barrel, and Brent crude declined 5.63% to $105.02.
The decline followed comments from President Donald Trump, who said negotiations with Iran were in the “final stages.”
Source (CNBC)
