Trump was fretting over the possibility of the ceasefire he brokered falling apart on Tuesday, but for markets, the news was good enough for a rally.
President Donald Trump appears to still be on edge from the conflict that unfolded between Israel and Iran over the last several weeks, but the market appears eager to resume its rally toward record highs.
Trump said Israel and Iran had agreed to a ceasefire on his Truth Social account Monday evening — news that was welcomed by investors, even as the president fired off a series of posts on Tuesday urging Israel to stick to the agreement he brokered.
Still, after confronting the prospect of a much wider regional conflict, investors seemed ready to celebrate a win for the market.
Here’s where major indexes stood at 11:45 a.m. ET on Tuesday:
S&P 500: 6,084.14, up 0.98%
Dow Jones Industrial Average: 43,008.17, up 1% (+426.39 points)
Nasdaq 100: 19,905.52, up 1.4%
Investors have been fretting for more than a week over the economic implications if tensions in the Middle East were to escalate. But for now, the cease-fire appears to have lifted their spirits, according to David Morrison, a senior market analyst at Trade Nation.
