Wall Street Cheers Fragile Mideast Truce Hopes and Powell’s Dovish Signals
Wall Street Cheers Fragile Mideast Truce Hopes and Powell’s Dovish Signals U.S. stock markets surged on Tuesday, propelled by a potent combination of optimism surrounding a potential de-escalation in the Middle East and encouraging remarks from Federal Reserve Chair Jerome Powell. All major indexes posted significant gains, with the tech-heavy Nasdaq Composite leading the charge. Investor sentiment received a substantial boost from the fragile, U.S.-brokered ceasefire between Israel and Iran. After a tense 12-day conflict that had rattled global markets…