Oil Plunges Below $95, Dow Rises 1,000 Points on Ceasefire

Investors around the globe on Wednesday cheered what appears to be the beginning of the end of the military clash between the U.S. and Iran, sending stocks higher and government bond yields lower. Oil prices plunged on the promise that the Strait of Hormuz may soon be open for shipping.The Dow Jones Industrial Average was up by 1,000 points by midday, a 2.3 percent gain. The S&P 500 rose 2.1 percent. The Nasdaq Composite climbed 2.6 percent. Stocks had been even higher earlier in the morning but pared gains as reports on ongoing missle strikes and a drone attack on...