Stocks rise after Trump announces pause on Iran energy strikes

Stocks rebounded Monday morning after President Trump announced a five-day pause of airstrikes on Iranian energy infrastructure and negotiations toward a “complete and total” end to the conflict.

The Dow Jones Industrial Average opened with a gain of more than 800 points Monday, rising 1.7 percent as the market opened. The S&P 500 index was up 1.5 percent and the Nasdaq composite was up 1.8 percent after the opening bell.

After starting Monday morning deeply in the red, stock futures swung sharply higher before the market opened in response to Trump’s announcement.

Oil prices also dropped on hopes of a breakthrough between the U.S. and Iran, with American Brent crude falling more than $7 to $90 per barrel and international Brent crude fell $9 to $102........

© The Hill