Equity markets extended their upward momentum, supported by ongoing ceasefire talks and continued earnings strength. The U.S. indefinitely extended its ceasefire with Iran while restricting access through the Strait of Hormuz for vessels docking at Iranian ports, applying economic pressure. On the earnings front, 84% of S&P 500 companies that have reported results exceeded EPS expectations, providing further support to markets. On the Economic Front, retail sales remained firm, with the control group (used in GDP) rising 0.7% month over month, highlighting continued consumer resilience.