Stocks rally worldwide as oil prices ease on hopes for a possible end to the Iran war [Los Angeles Times (CA)]
Exxon Mobil Corporation (XOM)
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Source: Los Angeles Times
That's even though some of the signals investors saw as hopeful are already under dispute, and several earlier bouts of optimism in financial markets quickly got undercut by continued, fierce fighting in the war. The S&P 500 rose 0.7% and added to its leap from the day before, which was its best since last spring. That followed even bigger gains for stock markets across Europe and Asia, including an 8.4% surge in South Korea, which were catching up to Wall Street's rally from Tuesday. The Dow Jones Industrial Average climbed 224 points, or 0.5%, and the Nasdaq composite rallied 1.2%. Oil prices also fell back toward $100 per barrel after President Donald Trump said late Tuesday that the U.S. military could end its offensive in two to three weeks. That added to optimism following a couple tenuous signals of hope from earlier Tuesday that Wall Street latched onto, including a news report quoting Iran's president as saying that it has “the necessary will to end the war” as long a
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