Stocks extended their rally Thursday, even as oil prices gained, amid continued optimism among traders that the fragile two-week ceasefire between the U.S. and Iran could be sustained.

The S&P 500 added 0.62% and ended at 6,824.66, while the Nasdaq Composite climbed 0.83% to 22,822.42. The Dow Jones Industrial Average rose 275.88 points, or 0.58%, and settled at 48,185.80. The 30-stock index turned positive for the year, up 0.25%.

Crude prices advanced again on Thursday. West Texas Intermediate futures rose more than 3% to settle at $97.87 per barrel after earlier rising above $100. International Brent crude futures added more than 1% to close at $95.92.

SPI down 8 - Wait mode ahead - Weekend Talks Crucial - Still no Ships.

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