Ceasefire
Ceasefire
On the final episode of Sidebar, The Washington Post's Libby Casey, Rhonda Colvin, James Hohmann and JM Rieger breakdown the shaky ceasefire between Iran and Israel – and whether it will hold. And having decided to enter the conflict, President Trump is now trying to play peacemaker. Then, the crew breaks down Trump's stunning turn of fortune since Sidebar began – from being found guilty in his New York hush money and election interference trial, to winning the presidency for a second time and seeing his federal charges dismissed. Later, the crew reflects on their time hosting Sidebar and other Washington Post coverage.
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Yahoo
20 minutes ago
- Yahoo
Tech stocks power Nasdaq 100 to a record high as markets celebrate the Israel-Iran ceasefire
Markets are cheering the ceasefire between Israel and Iran, even as Trump voices concern. The news is good enough for investors, who have spent the last week fretting over the conflict. The tech-heavy Nasdaq 100 closed at a record high. President Donald Trump appears to still be on edge from the conflict that's unfolded between Israel and Iran. But US stocks have proven eager to test record highs. Investors welcomed Trump's announcement on Monday evening that Israel and Iran had agreed to a ceasefire, and then stayed upbeat throughout Tuesday, even as the president fired off a series of posts on Tuesday urging Israel to stick to the agreement he brokered. Traders also weighed comments from Fed Chair Jerome Powell that spurred optimism around interest-rate cuts. "If it turns out that inflation pressures do remain contained, then we will get to a place where we cut rates, sooner rather than later," Powell told lawmakers when asked about lowering rates in July, although he stopped short of providing a specific timeline. The result was a fresh record in the tech-heavy Nasdaq 100, and an S&P 500 that finished the trading day just 0.8% shy of all-time highs. Here's where major indexes stood at the 4 p.m. ET market close on Tuesday: S&P 500: 6,092.22, up 1.1% Dow Jones Industrial Average: 43,089.02, up 1.2% (507 points) Nasdaq 100: 22,190.52, up 1.5% This embedded content is not available in your region. Investors have been fretting for more than a week over the economic implications if tensions in the Middle East were to escalate. But for now, the cease-fire appears to have lifted their spirits. "So, with the immediate geopolitical tensions dialed down, investors are free to focus on President Trump's trade war and the first tariff deadline coming up in a couple of weeks," David Morrison, a senior market analyst at Trade Nation, wrote in a note on Tuesday, adding that he believed stocks were still in a bull market. "As far as investors are concerned, they've just stared down the prospect of World War Three, so they're not going to be fussed by a few percentage points on US imports," he added of tariff risks. "This de-escalation is leading investors to be more comfortable engaging in risk-on trades in the equity market. Even if there is further escalation, it appears that Iran has limited abilities to retaliate, which is strengthening expectations that this conflict will calm down," Chris Brigati, the chief investment officer at SWBC, said in a statement. Oil prices, which spiked as tensions in the Middle East escalated, dropped sharply from their recent highs. This embedded content is not available in your region. Brent crude, which spiked 14% amid the 12-day conflict, traded as much as 7% lower on Tuesday, to around $67 a barrel. West Texas Intermediate crude, which rose more than 10% over the same period, also fell 7% at intraday lows, below levels the day the Israel-Iran conflict started. The declines are signs that oil markets are no longer fretting over possible supply disruptions in the Middle East, according to Alex Kuptsikevich, the chief market analyst at FXPro. "Retreating to levels seen before the latest conflict, the price recouped the 'war premium,'" Kuptsikevich wrote in a note on Tuesday. US Dollar Index: 97.90 (-0.5%) Bitcoin: 105,662.80 (+1.5%) Gold: 3,319.60 (-1.8%) Investors, though, are still on watch for signs that conflict could re-escalate in the coming days. "Markets breathed a sigh of relief following Trump's ceasefire declaration, but the celebration could be short-lived. If tensions flare again or the ceasefire is violated, we could see a swift return to risk aversion — boosting safe havens like gold and pressuring global equities," Lukman Otunuga, a senior market analyst at FXTM, wrote in a note. "In our downside scenario, we assume ceasefire negotiations break down and Iran attempts to disrupt trade with mines and attacks on shipping," researchers at Oxford Economics wrote in a note. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 minutes ago
- Yahoo
Morning Bid: A fragile ceasefire is good enough for markets
A look at the day ahead in European and global markets from Kevin Buckland Some 24 hours on from when U.S. President Donald Trump announced a truce in the Middle East - despite being disturbed by some Iranian rocket fire and an Israeli vow to respond - investors seem to be keeping faith that the worst is over. Although the global stock rally appears to have petered out for now, and crude oil looks to have found a floor, there's not been much retracement of those sizeable market moves, at least so far. A big part of that may be that even at the height of the hostilities, the security of Iran's oil infrastructure and the vital tanker thoroughfare, the Strait of Hormuz, was never seriously in doubt. A buoyant Trump even took to social media to say China can now, again, purchase Iranian oil, forcing the White House to swiftly clarify there was no change in stance with regard to U.S. sanctions. Trump has also found himself at odds with his own Defense Intelligence Agency, which said in an initial report that U.S. bomber strikes on Iran's nuclear facilities at the weekend had only set the country's capabilities back by a month or two. Trump said Iran's nuclear program had been "obliterated". That raises questions about whether the U.S.'s or Israel's goals in the air war were actually realised, and about what comes next. We're very likely to hear more from Trump on the Middle East as he flies into The Hague for a NATO summit today, where defence spending will be a primary focus. Developments in the Middle East are likely to remain the center of market attention throughout the European trading day, with very little on the corporate or macro calendars today. Later, U.S. data is limited to new home sales. Federal Reserve Chair Jerome Powell will be back on Capitol Hill to give testimony before the Senate, although having done the same to the House the previous day, there's not likely to be much that's new. In political developments north of DC, Zohran Mamdani, a 33-year-old state lawmaker and self-described democratic socialist, was poised to win New York City's Democratic mayoral primary in a surprising upset over former New York Governor Andrew Cuomo. Key developments that could influence markets on Wednesday: -NATO summit -US new home sales (May) -Fed Chair Powell testifies before Senate Banking Committee Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fox News
20 minutes ago
- Fox News
Israel And Iran Violate Ceasefire
'Don't means don't.' President Trump's fury stuns Israel, stiff-arms Iran, and finally stops the fighting. Learn more about your ad choices. Visit FOX News Radio
