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US equities rally as investors welcome fragile truce
Business World Philippines
|June 26, 2025
US stocks rallied more than 1% on Tuesday as investors welcomed a fragile truce with Israel and Iran while parsing Federal Reserve Chair Jerome Powell’s congressional testimony for clues regarding the US central bank’s path forward.
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All three major US stock indexes closed with their second straight session of solid gains following US missile strikes on Iran’s uranium enrichment assets.
The Nasdaq 100, a subset of the Nasdaq Composite, nabbed an all-time closing high, while the benchmark S&P 500 closed within striking distance of its all-time closing high reached on February 19.
Late Monday, US President Donald J. Trump announced a cease-fire agreement, which Israel appeared to have violated. Still, investors viewed the cease-fire rhetoric as a sign of de-escalating tensions.
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