Global Stocks Surge After Israel-Iran Ceasefire

Global stock markets surged as the Nasdaq 100 closed at a record high for the first time since February, following a ceasefire between Israel and Iran and easing Middle East tensions. The S&P 500 and Dow Jones also posted strong gains, with European and Asian markets advancing significantly. Oil prices plunged more than 15% over two sessions, reflecting relief that the conflict would not disrupt global supplies and alleviating inflation concerns. Technology stocks, particularly semiconductor firms, led the rally, while energy and defensive sectors lagged due to the drop in oil prices. Federal Reserve Chair Jerome Powell maintained a cautious approach on rate cuts but signaled flexibility, with markets now fully pricing in two cuts by the end of 2025. The favorable economic outlook and potential Fed moves provided additional support for equities.