Ceasefire Agreement Holds
The S&P 500 and Nasdaq Composite both closed at all-time highs on Friday while the Dow Industrials advanced to finish within 3% of its January peak. Stocks posted solid gains after the Israeli-Iran ceasefire agreement sent crude oil prices sharply lower and boosted optimism that markets could avoid angst from a wider Middle East conflict. Progress in U.S. trade negotiations with major trading partners China and the EU also lifted investor sentiment ahead of the July 9 deadline for tariff hikes.
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