US Stock Market Highlights: US stocks rose on Wednesday (March 25) as oil prices eased following new developments in the Iran conflict.
US Stock Market Highlights: US stocks rose on Wednesday (March 25) as oil prices eased following new developments in the Iran conflict. The Dow Jones Industrial Average gained 304 points, or 0.66%, while the S&P 500 advanced 0.54% and the Nasdaq Composite climbed 0.77%.The Associated Pressciting unnamed officials in Islamabad, reported that the US sent Iran a 15-point peace proposal aimed at ending the war. The plan, first reported by The New York Times, was delivered through Pakistan. Iranian state media said the country rejected the U.S. ceasefire offer, instead proposing a five-point plan that includes granting Iran control over the Strait of Hormuz.
Oil prices fell in response to the developments. West Texas Intermediate (WTI) futures declined 2.2% to $90.32 per barrel, while Brent crude slipped 2.17% to $102.22 per barrel. Treasury yields also dropped alongside oil prices amid the potential for easing conflict.
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