- Markets flirting with new records, but choppy. The S&P 500 recently notched a fresh all‑time high around 7,100 after a rare 13‑day winning streak, before giving back some gains as ceasefire worries resurfaced. Earlier in the week, the index was down about 0.9% for the week, and major U.S. benchmarks finished several sessions roughly 0.6% lower as investors braced for the potential end of the truce.
- Ceasefire extension lifts risk assets, but oil stays tense. Markets sold off as talks to extend the U.S.–Iran ceasefire were delayed and the Strait of Hormuz remained closed, pushing crude oil up as much as about 5% intraday. When President Donald Trump extended the ceasefire, the S&P 500 and
Global stocks spent the week balancing record highs against fresh geopolitical and policy jitters. A fragile U.S.–Iran ceasefire, a new Fed chair-in-waiting, and Apple’s surprise CEO succession gave investors plenty to chew on as earnings season ramped up.
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