U.S. and Middle East Ceasefire Announced Amid Market Rally and Geopolitical Uncertainty
U.S. President Donald Trump announced a 10-day ceasefire between Israel and Lebanon, contributing to a market rally with the S&P 500 and Nasdaq hitting new highs. However, geopolitical tensions persist with Brent crude near $100 and the Strait of Hormuz still closed. TSMC and ASML stocks fell despite strong earnings reports.
Topics: ceasefire geopolitical tensions Middle East conflict stock market reaction U.S. foreign policy