S&P 500 climbed 0.9% to 7,123.95 points, Nasdaq rose 1.4% to 24,593.38 points, and Dow gained 0.6% to 49,422.22 points.
Trump extended a two‑week US‑Iran ceasefire on Wednesday, citing Iran’s internal fracture and Pakistan’s mediation request, pending Tehran’s unified proposal.
Oil prices rose, Brent crude topped $101 per barrel, sparking inflation concerns and potential central‑bank rate hikes globally.
Earnings focus shifted to Magnificent 7, with Tesla after‑hours, GE Vernova up 12%, United Airlines down 6.4%, Boeing up 5%, AT&T marginally lower.