
*Risk sentiment improves on potential U.S.–Iran ceasefire extension
*S&P 500 and Nasdaq close at record highs
*Strong corporate earnings support bullish equity outlook
*AI-driven optimism continues to fuel market momentum
Market Summary:
Global risk appetite remained positive, with U.S. equity markets hovering near record highs as optimism surrounding a potential U.S.–Iran ceasefire and strong corporate earnings supported investor sentiment.
The United States and Iran are reportedly considering a two-week ceasefire extension to allow more time for negotiations toward a longer-term peace agreement. While tensions remain elevated — particularly around the Strait of Hormuz — markets are increasingly focused on the potential for de-escalation.
The situation around Hormuz remains a key concern, as the waterway has been largely constrained since the conflict began nearly seven weeks ago. The U.S. has maintained a naval blockade aimed at limiting Iranian oil shipments, with multiple vessels reportedly forced to turn back. This strategy is designed to pressure Iran economically and encourage progress toward a ceasefire agreement.
Despite these ongoing tensions, investors continue to place greater weight on the likelihood of a diplomatic resolution. As a result, risk-sensitive assets, including equities and cryptocurrencies, have gained traction amid improving sentiment.
In the U.S., both the S&P 500 and Nasdaq closed at record highs, driven by strong corporate earnings and continued optimism around artificial intelligence-related growth. Financial stocks led the rally, with Bank of America and Morgan Stanley reporting stronger-than-expected revenue, reinforcing confidence in the broader economic outlook.
Looking ahead, market participants are expected to closely monitor upcoming corporate earnings releases, as well as developments in U.S.–Iran negotiations, for further direction. The balance between geopolitical risks and earnings-driven optimism will remain a key driver of equity market performance in the near term.
Technical Analysis

Nasdaq is trading higher, currently testing the record high resistance at 26,340.00, a key near-term breakout level.
Momentum remains strong, with the MACD expanding to the upside, supporting the ongoing bullish trend. However, the RSI at 80 signals overbought conditions, indicating an increased risk of a near-term technical correction.
A sustained breakout above 26,340.00 could extend gains toward 27,410.00, reinforcing bullish continuation.
However, if momentum fails to hold, the index may pull back toward the 25,000.00 support level, with deeper downside toward 24,000.00 if selling pressure intensifies.
Resistance Levels: 26340.00, 27410.00
Support Levels: 25000.00, 24000.00
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