President Trump declared a ceasefire in the escalating conflict between Israel and Iran, alleviating fears of an oil crisis within two weeks of intensified military actions. The stock market reacted positively, with oil prices dropping significantly by around 3.7% for both Brent and WTI. However, defense stocks faced declines as investors expressed disappointment over reduced demand for defense services. The overall sentiment was cautiously optimistic among investors, reflected in rising indices like the Vanguard S&P 500 ETF, although some industries suffered due to the ceasefire announcement.
President Trump announced a ceasefire between Israel and Iran, easing fears of an oil supply crisis and eliciting mixed reactions in stock markets.
President Trump stated about the ceasefire, 'All planes will turn around and head home, while doing a friendly 'Plane Wave' to Iran. Nobody will be hurt, the Ceasefire is in effect!'.
Stock markets reacted positively to the ceasefire news, with Brent and WTI oil prices experiencing a sharp decline of about 3.7% each, reflecting optimistic investor sentiment.
Defense stocks, however, saw a decline as concerns about diminished demand for defense services surfaced, with General Dynamics down 0.8% and Lockheed Martin down 1.2% in pre-market trading.
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