Stocks Surge on Trump Ceasefire, Powell Signals Fed Patience
U.S. stocks are sharply higher on Tuesday with the Dow Jones Industrial Average gaining 0.9%—roughly 400 points—alongside a 1.1% jump in the Nasdaq and a 0.9% lift in the S&P 500. The rally follows a high-profile ceasefire declaration from President Donald Trump and dovish signals from Federal Reserve Chair Jerome Powell.Trump ceasefire sparks relief rallyThe rally began overnight after Trump announced via Truth Social that a ceasefire between Israel and Iran was officially in effect. Despite ongoing tensions and conflicting reports of further attacks, investors interpreted the development as a...