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Benzinga
  • 11 hours ago
U.S. stocks reached a record Wednesday as the S&P 500 rose 0.8% to a new high, rebounding over 10% from a late March correction. The Nasdaq gained 1.6% while the Dow slipped 0.1%. Regional officials said the U.S. and Iran reached an "in principle agreement" to extend a ceasefire. Brent crude settled at $94.93, below its $119 peak but above its ~$70 prewar level.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. stocks reached a record on Wednesday, as a two-week rally extended on hopes the war with
00:07Iran will not create a worst-case outcome for the global economy, according to PBS News.
00:12The S&P 500 rose 0.8% to a new high after rebounding more than 10% from a
00:18late-March
00:19correction. The Nasdaq gained 1.6%, while the Dow slipped 0.1%. Oil remained elevated,
00:26with Brent crude settling at $94.93, though below its $119 peak.
00:32Regional officials said the United States and Iran reached an in-principle agreement
00:37to extend a ceasefire, according to the Associated Press.
00:41Brent crude rose 0.1% to $94.93, remaining above its roughly $70 pre-war level,
00:49but below its $119 peak reached during heightened fighting concerns.
00:53For all things money, visit Benzinga.com.
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