S&P 500 Jumps 1.5% as Oil Drops 4.7%, Easing Inflation Fears
U.S. stocks surged near record highs Monday as a 4.7% drop in Brent crude eased inflation jitters. The S&P 500 added 1.5%, the Dow hit an all-time high, and the Nasdaq climbed 2.1%. The rally was triggered by Trump’s decision to forgo new Iran strikes, temporarily calming energy markets and bond yields.
Source: latimes.com · thegazette.com