Dow Jones, Major Indices Rise Amid Fragile Iran-Israel Ceasefire
U.S. markets opened higher on Tuesday, June 24, as investors responded to news of a tentative ceasefire between Israel and Iran. The Dow Jones Industrial Average climbed 280 points, or 0.6%, at the opening bell. The S&P 500 advanced 0.7%, while the Nasdaq Composite gained 1%.
The gains followed a strong session on Monday, after former President Donald Trump announced a ceasefire agreement aimed at ending what he called a “12-day war” between the two nations. The truce was seen as a sign of easing geopolitical tensions, boosting investor appetite for risk.
Bitcoin (BTC) surged back above $105,000 amid the positive sentiment, while oil prices edged lower.
