Stocks Get Relief Rally After Truce as Oil Tumbles: Markets Wrap

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:A wave of optimism swept through global markets, lifting stocks and bonds while driving oil toward its biggest plunge in six years after the US and Iran reached a ceasefire deal.The sharp rebound in risk appetite drove the S&P 500 up 2%. A tumble in oil to around $95 eased concern about an energy crisis that could fuel inflation, reviving bets the Federal Reserve will cut rates this year. As the haven bid waned, the dollar dropped against all major currencies.