Overview
The announcement of a ceasefire between the U.S. and Iran spurred positive market sentiment, easing concerns over Middle East tensions. As a result, major indices continued their upward trend, with the S&P 500 climbing by 2.5%, marking a sixth consecutive day of gains.
| Nasdaq Composite(QQQ) | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
President Trump revealed that the U.S. is collaborating with Iran to eliminate nuclear threats, with discussions on easing sanctions, which further boosted market confidence. Despite lingering uncertainties, including reports of Israeli attacks disrupting oil tanker passages and accusations from Iran regarding U.S. actions, the ceasefire agreement significantly reduced global economic crisis fears. The White House announced that the Vice President would visit Pakistan to discuss long-term peace agreements with Iran. Sector-wise, airline stocks surged, while software companies faced declines due to new competition in AI technologies.
Tomorrow's Economic Indicators
| Release Time | Indicator |
|---|---|
| 8:30 PM | U.S. February PCE Price Index |
| 8:30 PM | U.S. Initial Jobless Claims |
| 8:30 PM | U.S. 4th Quarter Real GDP Growth Rate |
| 8:30 PM | U.S. 4th Quarter Core PCE Price Index |
| 11:00 PM | U.S. February Wholesale Inventories |
| 8:30 PM | U.S. Natural Gas Inventories |
| TBD | U.S. 30-Year Bond Auction |
General Opinion
While the market reacted positively to the temporary ceasefire, uncertainties persist, particularly with upcoming economic indicator releases that could influence market directions. The ongoing Middle East tensions underscore the potential for continued market volatility, influenced heavily by future economic data.
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