Hope for a possible end to the war with Iran pushed stocks higher again, while oil prices eased.
The S&P 500 rose 0.5% Wednesday in its latest flip-flop after the United States delivered a plan to pause the war to Iran. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite climbed 0.8%.
But the moves are shaky, and the S&P 500 during the morning briefly came close to erasing all of an early 1.2% jump. Iran dismissed the U.S. proposal, and fierce fighting continues in the Middle East. Stock indexes rose more than 1% across Europe and Asia.
On Wednesday:
The S&P 500 rose 35.53 points, or 0.5%, to 6,591.90.
The Dow Jones Industrial Average rose 305.43 points, or 0.7%, to 46,429.49.
The Nasdaq composite rose 167.93 points, or 0.8%, to 21,929.83.
The Russell 2000 index of smaller companies rose 30.94 points, or 1.2% to 2,536.38.
For the week:
The S&P 500 is up 85.42 points, or 1.3%.
The Dow is up 852.02 points, or 1.9%.
The Nasdaq is up 282.21 points, or 1.3%.
The Russell 2000 is up 97.93 points, or 4%.
For the year:
The S&P 500 is down 253.60 points, or 3.7%.
The Dow is down 1,633.80 points, or 3.4%.
The Nasdaq is down 1,312.16 points, or 5.6%.
The Russell 2000 is up 54.47 points, or 2.2%.
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