Reported about 8 hours ago
US stocks surged on Tuesday, with the Nasdaq Composite and S&P 500 reaching their highest levels since February, fueled by renewed optimism for a truce between Israel and Iran. The Nasdaq 100 hit a fresh closing high, highlighting strong momentum among major tech stocks. Federal Reserve Chair Jerome Powell's testimony suggested possible interest rate cuts in the near future, contributing to the market's positive sentiment. Overall, the tech-heavy indexes led the gains, reflecting a growing confidence in the economy amidst complex geopolitical challenges.
Source: YAHOO