Business
Stocks Rise, Bond Yields Fall as Gasoline Prices Push Below $4 a Gallon
Stocks and bond prices were higher on Thursday morning, after President Donald Trump on Wednesday signed a memorandum of understanding between the U.S. and Iran that increases the likelihood of releasing more oil supply from the Persian Gulf.
The Dow Jones Industrial Average gained 0.8%, or 419 points. The S&P 500 rose 1.1%, while the Nasdaq Composite gained 1.4%.
The national average price for one gallon of regular unleaded gasoline was at $3.9987 on Thursday, its lowest price since March 30, according to Dow Jones Market Data. The slowdown in inflationary angst has also propped up Treasuries.
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