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world12h ago
The post-ceasefire rally just lifted the Nasdaq to its longest win streak in 34 years
- Nasdaq extends its 13-day winning streak, the best run since 1992.
- The Strait of Hormuz reopening relieved pressure on energy markets.
- Oil prices tumbled as Brent fell about 9% and WTI dropped around 11%.
- Investors boosted expectations for Fed rate cuts by year-end to roughly 52%.
- Major indices surged as traders welcomed the ceasefire developments in the Middle East.
- Analysts cautioned inflation risks could persist despite near-term gains.
- Tech stocks led gains as investor confidence returned post-ceasefire.
- S&P 500 topped 7,100 for the first time, signaling a strong equity rally.
- Investors weighed the longer-term impact of Middle East tensions on oil supply.
- The article notes exclusive subscriber access to Business Insider content.
- Investors anticipated a potential shift in market leadership toward tech.
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