Wall Street ends sharply higher on US-Iran ceasefire
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Wall Street ended sharply higher due to a ceasefire between the US and Iran, with the Dow Jones and S&P 500 rising. The ceasefire led to a decrease in oil prices, with WTI crude plunging 14.8%, and a relief rally in risk-sensitive assets.
The US and Iran have agreed to a ceasefire, easing tensions in the Middle East. The agreement led to a sharp increase in US stocks, with the Dow Jones and S&P 500 rising. Oil prices decreased, with WTI crude plunging 14.8%. The US dollar index also fell, with the euro and Canadian dollar rising against the US dollar. The ceasefire has increased investor confidence, leading to a relief rally in risk-sensitive assets. The market will now focus on key US data, including February core PCE and Q4 GDP, due Thursday.
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