News Summary

• The S&P 500 leaped 2.9% for its largest gain since May.
• The Dow Jones Industrial Average rallied 2.5%, while the Nasdaq composite jumped 3.8%.
• The rebound came as financial markets seized on a couple tenuous signals for hope about a possible end to the war.
• The price for a barrel of Brent crude oil, the international standard, eased 3.2% to settle at $103.97.
• The worry on Wall Street has been that the war may last a long time and keep oil and natural gas from the Persian Gulf out of global markets.