stock market hit new highs on Thursday as profits at companies like Dollar Three, Snowflake and Hormel Foods continued to rise. A preliminary agreement to extend the ceasefire in the war with Iran…

stock market hit new highs on Thursday as profits at companies like Dollar Three, Snowflake and Hormel Foods continued to rise. A preliminary agreement to extend the ceasefire in the war with Iran by 60 days also helped lift the market and curb oil prices.

Key points

• New York's S&P 500 added 0.6 percent to its record high set a day earlier, the Dow Jones industrial average rose 24 points, or less than 0.1 percent, while the Nasdaq composite…
• Stocks rose after oil prices gave up most of their morning gains following reports of a preliminary US-Iran deal yet to be approved by President Donald Trump.
• The price of a barrel of benchmark US crude oil settled at $88.90 after returning from an overnight high above $92.50.
• Oil prices have fluctuated as hopes rise and fall that the United States and Iran could reach a deal to reopen the Strait of Hormuz and resume the flow of crude oil from the…
• They rose so much that a report on Thursday showed that US inflation accelerated last month to the worst level in three years, roughly in line with economists' expectations.