Stocks Rise as Crude Oil Drops Amid Hopes for U.S.-Iran Diplomatic Resolution
U.S. stock indexes rebounded on Thursday after crude oil prices fell due to renewed hopes of a diplomatic resolution between the United States and Iran regarding the Strait of Hormuz. The Dow Jones Industrial Average reached a 3.25-month high, supported by IBM's +12% surge following reports of a $1 billion government grant for its quantum-computing business.
Topics: crude_oil_prices IBM stock_rebound US-Iran_relations