US Stocks Jump

US stock futures declined on Thursday as oil prices recovered modestly, with uncertainty surrounding the ceasefire agreement between Iran and the US-Israeli side weighing on sentiment. Iranian media reported that oil tanker traffic through the Strait of Hormuz had been suspended following fresh Israeli strikes on Lebanon, while a senior Iranian official said three elements of the ceasefire proposal had already been violated. Meanwhile, US Vice President JD Vance noted there are signs the strait could begin reopening as he leads a US delegation to Islamabad for direct talks with Iran this weekend. In regular trading on Wednesday, the Dow surged 2.85%, the S&P 500 gained 2.51%, and the Nasdaq Composite rose 2.8% after the US and Iran agreed to a two-week ceasefire aimed at facilitating negotiations toward a potential resolution to the conflict. Ten of the 11 S&P sectors ended higher, with industrials, communication services, and materials leading the advances.

The Dow Jones Index rose 1312 points or 2.82 percent on Wednesday to close at 47897 points. Leading the gains are Sherwin-Williams (6.92%), Caterpillar (6.48%) and Home Depot (5.41%).

US stocks closed sharply higher on Wednesday as investors remained optimistic that two week ceasfire between Iran and US will last. The White House said the US would engage in direct talks with Iran, even as ongoing Middle East fighting, including Israeli strikes in Lebanon and Iran strikes on Gulf states risked undermining the ceasefire. The Dow ended the seesion more than 1,300 points higher, or 2.85%, marking the best day since April 2025. The S&P 500 jumped 2.5% and the Nasdaq surged 2.80%. Oil prices were sharply lower and yields held their recent drop, rekindling risk sentiment despite warnings of stagflation in the latest FOMC minutes. Speculative AI stocks were higher with Nvidia, Meta, Tesla, AMD, and Micron surging between 4% and 10%. Airlines also jumped on the improved outlook of jet fuel supply, and Delta soared 6% after posting earnings.