Morning Wrap: ASX 200 to rise, US-Iran ceasefire holds, S&P 500 and Nasdaq at all-time highs
The S&P 500, Nasdaq, and Russell 2000 closed at fresh all-time highs as US Defence Secretary Hegseth reassured on the US-Iran ceasefire, buoying risk-appetite and lowering oil prices. Major US benchmarks finished near best levels with strong breadth, and all sectors were higher.
The S&P 500, Nasdaq, and Russell 2000 closed at fresh all-time highs. US Defence Secretary Hegseth reassured that the US-Iran ceasefire 'certainly holds' after a recent escalation. Major US benchmarks finished near best levels with strong breadth, and all sectors were higher. The path of least resistance was higher amid a fragile US-Iran ceasefire, strong Q1 earnings, and the reopening of corporate buyback windows. Goldman Sachs warned that easily-accessible buffers of refined oil products are being depleted rapidly, raising risks of localised shortages. Morgan Stanley's Simkowitz said dealmaking pipeline is strong, with M&A activity broadening.
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