S&P 500 Rises As Oil Sinks On Iran Talk Hopes: Stock Market Today
Crude fell about 4% on renewed US-Iran talk hopes, easing yields and fueling a broad rally in real estate, homebuilders and airlines.
Oil prices dropped because people hope the US and Iran might talk and work things out. When oil gets cheaper, it helps airlines, home builders, and real estate companies because their costs go down, which made stocks rise.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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