Mumbai, April 9 -- The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz and allow oil tankers to exit the Persian Gulf. The Dow Jones Industrial Average rallied 1,325 points, or 2.8% and the Nasdaq composite soared 2.8% following even bigger gains in European and Asian stock markets.

Oil prices plunged below $95 per barrel Wednesday-U.S. crude down 16.4% to $94.41 and Brent 13.3% to $94.75-after Trump pulled back from destroying Iran, sparking global stock surges. Despite this, prices remain above pre-war

Published by HT Digital Content Services with permission from Capital Market....