US Stocks Today: Dow Jones Rockets 1,300 Points After US-Iran Ceasefire, S&P 500 2%, Nasdaq 3%

Wall Street’s main indexes opened higher on Wednesday after the US and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume.

The Dow Jones Industrial Average rose 1,359.35 points, or 2.92%, to 47,943.81. The S&P 500 rose 162.13 points, or 2.45%, to 6,778.98, while the Nasdaq Composite rose 675.77 points, or 3.07%, to 22,693.62.