US Stock Market Today: NASDAQ, S&P 500 Rally After US-Iran Ceasefire as Goldman Warns of Short Squeeze
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US stocks rallied after a two-week ceasefire between the US and Iran eased concerns over energy disruption and regional conflict. The S&P 500 rose 2.3% and the NASDAQ 100 gained 2.9% as investors moved back into risk assets.
US stocks rallied after a ceasefire between the US and Iran. The S&P 500 rose 2.3% and the NASDAQ 100 gained 2.9%. Oil prices fell sharply, with West Texas Intermediate dropping 18% to $93.18 a barrel. The ceasefire eased concerns over energy disruption and regional conflict. Investors moved back into risk assets, with airlines and cruise operators gaining on hopes of stable fuel costs. The rally may be driven by relief and short covering, with Goldman Sachs warning of a potential short squeeze.
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