Reported about 10 hours ago
On June 24, 2025, global stocks soared to record highs as a ceasefire was announced between Iran and Israel, with significant gains seen across major indices including the S&P 500 and Nasdaq. This rally was accompanied by a notable drop in oil prices, and Federal Reserve Chair Jerome Powell reassured investors that any decisions on interest rate cuts would be made after assessing economic conditions. Despite the upbeat market sentiment, concerns linger about the U.S. economy with declining consumer confidence.
Source: YAHOO