U.S. Stocks Posting Strong Gains As Crude Oil Retreats On News Of U.S.-Iran Peace Plan

After moving sharply higher at the start of trading, stocks have given back some ground over the course of Wednesday’s session but continued to turn in a strong performance. The major averages have all moved to the upside after ending the previous session in the red.

Currently, the major averages are off their highs of the session but still firmly positive. The Nasdaq is up 303.41 points or 1.4 percent at 22,065.31, the S&P 500 is up 59.97 points or 0.9 percent at 6,616.34 and the Dow is up 385.60 points or 0.8 percent at 46,509.66.