Wall Street opens higher after US-Iran ceasefire

[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 8) after the US and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume.

The Dow Jones Industrial Average rose 393.7 points, or 0.85 per cent, at the open to 46,978.17.

The S&P 500 rose 137.5 points, or 2.08 per cent, at the open to 6,754.36​, while the Nasdaq Composite rose 803.4 points, or 3.65 per cent, to 22,821.209 at the opening bell. REUTERS