US stocks extend gains, shrugging off ceasefire worries

NEW YORK, United States – Wall Street stocks finished higher Thursday after a shaky start, adopting an optimistic view of the Middle East ceasefire despite largely stalled traffic in the Strait of Hormuz, which boosted oil prices. After surging on Wednesday following the announcement of an Iran-US truce ceasefire, US stocks pulled back in the early going amid continued clashes between Israel and Lebanon and extremely limited tanker traffic in the Hormuz Strait despite the ceasefire. READ: us-iran-truce-enters-second-day-as-war-flares-in-lebanon But US stocks moved into positive territory in late morning and rose further as the session progressed. Some commentators said the confirmation […]... Keep on reading: US stocks extend gains, shrugging off ceasefire worries

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