Stocks Rally Toward Record Highs, Oil Crashes 7% As Iran Talks Show Progress: What's Moving Markets Tuesday?

U.S. stocks rallied back toward pre-war highs, with the S&P 500 reclaiming the 6,960 level and small caps leading a broad advance. The move was driven by fresh signs of progress in U.S.-Iran negotiations, which sent crude oil down nearly 7% and boosted risk appetite across equities.

Analysis

U.S. stocks rallied back toward pre-war highs, with the S&P 500 reclaiming the 6,960 level and small caps leading a broad advance. The move was driven by fresh signs of progress in U.S.-Iran negotiations, which sent crude oil down nearly 7% and boosted risk appetite across equities.