Markets rebounded on optimism surrounding a potential ceasefire between the U.S. and Iran. Reports suggested President Trump may be willing to end the military campaign even if the Strait of Hormuz remains closed, with the conflict potentially concluding within next two to three weeks. On the economic front, the U.S. economy added 178,000 jobs in March. Total job gains for 2026 now stand at 205,000, compared with just 116,000 jobs added over the entirety of 2025. Retail sales for February came in ahead of expectations, signaling continued consumer strength.