Stocks Rally on Cease-Fire Deal. Will It Last?

The stock market’s big relief rally on Wednesday has a few major caveats. A fragile, two-week cease-fire between the U.S. and Iran and a reopening of the Strait of Hormuz may provide some temporary relief for energy prices, but it will need to evolve into a more permanent solution before Wall Street can really declare an “all-clear.” The Dow was up 1,233 points, or 2.7%.