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 percent 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 percent, and the Nasdaq composite climbed 0.8 percent.
But the moves are shaky, and the S&P 500 during the morning briefly came close to erasing all of an early 1.2 percent jump. Stock indexes rose more than 1 percent across Europe and Asia.
On Wednesday:
The S&P 500 rose 35.53 points, or 0.5 percent, to 6,591.90.
The Dow Jones Industrial Average rose 305.43 points, or 0.7 percent, to 46,429.49.
The Nasdaq composite rose 167.93 points, or 0.8 percent, to 21,929.83.
The Russell 2000 index of smaller companies rose 30.94 points, or 1.2 percent to 2,536.38.
For the week:
The S&P 500 is up 85.42 points, or 1.3 percent.
The Dow is up 852.02 points, or 1.9 percent.
The Nasdaq is up 282.21 points, or 1.3 percent.
The Russell 2000 is up 97.93 points, or 4 percent.
For the year:
The S&P 500 is down 253.60 points, or 3.7 percent.
The Dow is down 1,633.80 points, or 3.4 percent.
The Nasdaq is down 1,312.16 points, or 5.6 percent.
The Russell 2000 is up 54.47 points, or 2.2 percent.
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