U.S. stock futures jumped higher and oil prices plunged after President Trump announced a two-week ceasefire and a potential longer peace deal with Iran on Tuesday night.
Futures indicated a two percent rise in the Dow Jones Industrial Average. S&P futures were up 2.3 percent and Nasdaq futures were up nearly three percent.
Oil prices fell sharply. Brent crude futures fell by around 13.5 percent to $94.50 a barrel. West Texas Intermediate futures dropped 14.7 percent to $96.40 a barrel. U.S. natural gas prices dropped by 3.6 percent. U.S. home heating oil futures dropped by more than 18 percent.
Stocks in Asia rallied on the news. Japan’s…
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