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Stocks Pop at the Open as Oil Slides. Wall Street Is Hoping for Peace Talks.

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The stock market was back in rally mode on Wednesday as Wall Street held out hope the U.S. and Iran could hash out a ceasefire.

The Dow Jones Industrial Average rose 581 points, or 1.3%. The S&P 500 was up 1%. The Nasdaq Composite was up 1.2%.

Brent crude oil futures were down 5% to $99.32 a barrel. WTI crude oil futures were down 4.9% to $87.81.

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