U.S. equities rallied Tuesday morning as investor sentiment improved following a ceasefire agreement between Israel and Iran, confirmed by both President Donald Trump and Israeli Prime Minister Benjamin Netanyahu.
The Nasdaq 100 jumped 1.6% to 22,200 by 12:45 p.m. ET, putting its February all-time high of 22,222 within striking distance.
The tech-heavy index also formed a golden cross—a bullish chart pattern where the 50-day moving average moves above the 200-day, often seen as a signal of sustained upward momentum.
All major indexes posted gains of more than 1%. The S&P 500 climbed to 6,100, nearing its record high of 6,147, while the Dow Jones Industrial Average advanced to 43,120.
Oil prices plunged 5% to $64 a barrel, extending Monday’s 7.2% drop and echoing the steep two-day declines observed in early April.
Sector performance was broadly positive, with technology and communication services leading the rally. Energy and …