Wall Street Surges on Ceasefire

The $1.5 trillion market rally was driven by hopes that the reopening of the Strait of Hormuz will restore global supply chains and curb inflationary pressures.

Technology giants like Alphabet, Meta, Amazon, and Nvidia led the gains, recovering from weeks of losses exacerbated by the conflict.

Despite the optimism, some analysts warn that 'TACO trades'—investors banking on President Trump backing off his threats—may not be sustainable if permanent peace talks fail.

Bond markets also saw significant movement, with muni bonds rallying by their largest margin in a year as geopolitical tensions cooled.