Stocks rally as oil prices fall back toward $100 on hopes for a possible end to the Iran war

NEW YORK (AP) — Stocks are climbing worldwide, and oil prices are easing as hopes build that the war with Iran could end soon. The S&P 500 rose 0.6% Wednesday and added to its leap from the day before, which was its best since last spring. That followed even bigger gains across Europe and Asia, including an 8.4% surge in South Korea, which were catching up to Wall Street’s rally from Tuesday. The Dow Jones Industrial Average rose 390 points, and the Nasdaq composite climbed 0.6%. Oil prices fell back toward $100 per barrel.