Stocks rally in wake of Israel-Iran ceasefire

Breakdown

• Stock markets rallied for a second day as oil prices dropped following Israel-Iran ceasefire.
• Crude oil prices fell over 7% before stabilizing, contributing to market optimism. 5s
• Major indices, including Dow Jones, Nasdaq, and S&P 500, saw substantial gains. 15s
• Big tech stocks led the rally, while other sectors like consumer discretionary lagged. 1m 0s
• The U.S. Federal Reserve is waiting for more data before considering interest rate cuts, despite some officials hinting at a possible July cut. 2m 29s