U.S. Stocks Open Higher After Iran Nuclear Deal

@AFP

New York (AFP) – U.S. stocks powered higher Monday after world powers and Iran struck an interim deal to curtail Iran’s controversial nuclear program in exchange for an easing of international sanctions.

Five minutes into trade, the Dow Jones Industrial Average added 27.42 points (0.17 percent) at 16,092.19.

The broad-based S&P 500 rose 3.06 (0.17 percent) to 1,807.82, while the tech-rich Nasdaq Composite jumped 14.02 (0.35 percent) to 4,005.67.

World oil prices slid after the US-led landmark deal struck Sunday with major crude producer Iran. The six-month agreement would be a preliminary step toward resolving the major powers’ concerns that Iran is developing nuclear weapons, a charge Iran denies.

“Lower energy costs are good for consumers and most businesses, so the agreement has been painted in a supportive light for earnings prospects,” said Patrick O’Hare of Briefing.com.

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Lin Wood, left, and Sidney Powell.

Lin Wood, left, and Sidney Powell.

Photo, left, by Gage Skidmore (CC Attribution-Share Alike 3.0). Photo, right, screenshot from C-SPAN.

Do you remember Lin Wood, the Trump attorney who in December, 2020, accused Chief Justice John Roberts of raping and murdering children? How about this one: the very same Lin Wood accused Roberts of being responsible for the death of Justice Antonin Scalia, who died in his sleep during a trip to a luxury hunting resort in Texas, a trip, incidentally, Roberts did not make with Scalia and his billionaire buddies.

Keep reading...Show less
No, Biden Isn't Terribly Unpopular (And He Polls Better Than Trump)

Time was when getting caught in a malicious lie about a rival would have ended an American politician’s career. We no longer live that way. Just the other day, Donald Trump unleashed a series of falsehoods attacking President Biden that would have shamed a carnival barker.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}