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Kiplinger
Kiplinger
Business
Karee Venema

S&P 500, Nasdaq Hit New Highs on Ceasefire Extension: Stock Market Today

(Image credit: Getty Images)

Stocks jumped out of the gate Wednesday after President Donald Trump announced an extension to the U.S.-Iran ceasefire. The main indexes held their gains through the close, with sentiment getting an additional boost from a round of well-received earnings reports.

In a post on Truth Social, Trump said that the U.S. military will continue its blockade of the Strait of Hormuz, but will extend the ceasefire until Iran submits a peace plan to end the war.

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