S&P 500, Nasdaq touch fresh peaks as oil retreats further

The S&P 500 and the Nasdaq touched record highs on Thursday as oil prices plunged further on hopes of a U.S.-Iran peace agreement that could potentially normalize crude supplies through the Strait of Hormuz.

At 9:30 a.m. ET, the Dow Jones Industrial Average rose 192.59 points, or 0.39 percent, to 50,091.92, the S&P 500 rose 6.38 points, or 0.09 percent, to 7,374.11 and the Nasdaq Composite rose 40.33 points, or 0.16 percent, to 25,879.28.

Reuters

 

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