Stock markets rose after the U.S. extended its ceasefire with Iran — Reuters
Wall Street's major indices rose following U.S. President Donald Trump's decision to extend the ceasefire with Iran.
This was reported by Reuters.
The Dow Jones rose 0.78%, the S&P 500 rose 0.87%, and the Nasdaq rose 1.29%.
Despite the positive momentum, uncertainty remains in the market regarding the situation’s further development, particularly due to the risks of escalation and tensions in the Strait of Hormuz.
Investors are also closely monitoring the oil supply situation, as about 20% of global oil shipments pass through this route.
Analysts note that markets are reacting cautiously even to negative news, as the worst-case scenarios have already been partially priced in.
At the same time, concerns about inflation are growing amid rising oil prices.
The technology sector showed the strongest growth, while energy companies also demonstrated positive momentum.
As a reminder, the U.S. military recently struck the Iranian-flagged vessel Touska, which was attempting to pass through the Strait of Hormuz despite the blockade.
Official Tehran refused to participate in the second round of peace talks with the United States, which were to take place in Islamabad.
Iran rejected Trump’s claims regarding the transfer of uranium to the U.S. and accused him of manipulation.
