Stock Market News

Wall Street surges on higher oil after US quits Iran deal

Wall Street surged on Wednesday as surging oil prices boosted energy stocks following US President Donald Trump’s decision the previous day to quit a nuclear agreement with Iran.

The Dow Jones Industrial Average rose 0.75 percent to end at 24,542.54 points, while the S&P 500 gained 0.97 percent to 2,697.79. The Nasdaq Composite added 1 percent to finish the session at 7,339.91.

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