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Stocks Rally, Gas Prices Fall as U.S., Iran Move Ahead on Peace Deal
The Wall Street Journal51d agoneutral
Stocks Rally, Gas Prices Fall as U.S., Iran Move Ahead on Peace Deal

Stocks rose and gasoline prices continued to fall after the U.S. and Iran signed an interim peace agreement to wind down the war, capping a holiday-shortened week on a high note. Brent crude futures, the international oil benchmark, finished the day near flat at $79.85 a barrel, about $7.50 closer than they started the week to the prewar level of about $72.50. The recent drop in oil prices has already translated into relief at the pump for Americans: The average cost of a gallon of gasoline slipped below $4 for the first time in more than two months, according to AAA.

An Almost Everything Rally Lifts Stocks, Bonds, and the Dollar
Barrons.com51d agobullish
An Almost Everything Rally Lifts Stocks, Bonds, and the Dollar

From the stock market to government debt and the greenback, investors enjoyed gains most of where they looked on Thursday, closing up their holiday-shortened week. Information Technology was the best performing sector for the day in the moments before the close up nearly 3%, a gain captured by the popular iShares U.S. Technology ETF. Wall Street analysts expect tech companies to grow earnings by 39% this year, which accounts for over half of the S&P 500 earnings growth for the year, data from Ned David Research show.