Oil Sinks 6%, Nasdaq 100 Rallies On Iran Talks: Stock Market Today
Crude tumbles nearly 6% after Trump cancels a strike on Iran, lifting the S&P 500 1.3% and the Russell 2000 1.5% at midday Monday.
Oil prices dropped because a military action didn't happen, which made people feel safer about the economy. When people feel safer, they're more likely to buy stocks, which is why the stock market went up.
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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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