"With a two-week ceasefire agreement between the U.S. and Iran in place, stocks are soaring. The broader markets are even knocking on the door their next all-time high."
"President Trump announced a two-week double-sided ceasefire with Iran, raising hopes that the Strait of Hormuz could soon reopen and oil prices may finally ease."
"Tech leaders including Nvidia, Alphabet, and Amazon are up between 3% and 4% in pre-market trading. Invesco's QQQ ETF, which tracks the Nasdaq 100 index, is up 3.5%."
A two-week ceasefire agreement between the U.S. and Iran has led to a surge in stock markets, with major indices nearing all-time highs. Oil prices are retreating significantly, with WTI and Brent Crude dropping to the lower $90-per-barrel range. Tech stocks like Nvidia, Alphabet, and Amazon are experiencing gains in pre-market trading. President Trump announced a ceasefire and threatened tariffs on military supplies to Iran, indicating a potential shift in U.S.-Iran relations. Futures for major indices show positive movement, reflecting overall market optimism.
Read at 24/7 Wall St.
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