U.S. stocks swung sharply as uncertainty about what will happen in the war with Iran increased. The S&P 500 fell as much as 1.2% Tuesday.
NEW YORK(AP) — Oil prices plunged below $100 a barrel and Asia markets and U.S. stock futures jumped after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.
Japan’s benchmark Nikkei 225 rose 4.8% and South Korea’s Kospi gained 5.6%. Futures for the S&P 500 advanced 2.3% as of 9:30 p.m. EDT, while Dow futures rose 2%.
Futures for U.S. crude oil sank 14.3% to $96.83 a barrel and
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