Latest / MPC Markets Morning Call
Stocks remain Buoyant as Ceasefire Hopes Override Software Slump
The S&P 500 rose 0.6% to 6,824.66, the Dow +0.58% to 48,185.80 (now positive YTD), and the Nasdaq +0.83% to 22,822.42, marking the index’s seventh consecutive session of gains — its longest run since October.
Israel agreed to direct talks with Lebanon focused on disarming Hezbollah, boosting ceasefire credibility, though Iran’s new supreme leader signalled Hormuz will enter “a new stage” of management and US–Iran peace talks in Islamabad are set for Saturday.
WTI crude settled near $99.21 (+5.1%) and Brent near $97.17 (+2.6%) as the Strait of Hormuz remains largely shut, with Saudi Arabia’s…
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