Wall Street stocks rise on hopes for US-Iran ceasefire
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NEW YORK CITY: Wall Street stocks moved higher on Monday as investors hoped for a potential ceasefire between the U.S. and Iran. Despite the volatile geopolitical climate, the S&P 500 rose 0.44%, marking its fourth consecutive day of gains, while the Nasdaq Composite surged 0.54% to reach 21,996.34.
This upward trend is largely fueled by a proposed 45-day ceasefire currently being discussed by regional mediators. While Tehran has officially rejected the initial terms demanding a permanent lifting of sanctions and a complete cessation of hostilities market participants are betting on a diplomatic breakthrough.
The optimism helped offset the looming Tuesday night deadline set by President Trump for Iran to reopen the Strait of Hormuz. Although energy prices remain a significant concern, with Brent crude trading near $110, the stability in tech and defense stocks suggests a growing belief that a total infrastructure war can be avoided.
For now, the global economy remains tethered to the hope that diplomacy will secure critical supply chains and prevent further market shocks.
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