Stocks posted significant gains on Tuesday, with the S&P 500 Index closing 1.2% higher. The rally was fueled by renewed optimism regarding potential peace talks between the US and Iran, which prompted a downward shift in global oil prices. The tech-heavy Nasdaq 100 led the charge, rising 1.8% and marking its 10th consecutive day of gains, the longest such streak recorded since 2021.Markets Surge on Peace Talks Optimism
The benchmark S&P 500 Index finished higher, extending a rebound that brought it close to its late-January peak. Investor sentiment appears highly influenced by geopolitical developments, suggesting that the prospect of de-escalation outweighs current market realities. As noted by Steve Sosnick, "Vibes are more powerful...