While investors took heart from the ceasefire agreement between Israel and Iran, Federal Reserve Chair Jerome Powell stated that there is no rush to cut rates.

US stocks made a big leap on Tuesday with a surge of over 1%. All three major indices also posted noticeable gains for the second consecutive day. The S&P 500 closed up 67 points or 1.1% at 6,092. The DJIA climbed 507 points or 1.2% to close at 43,089. The Nasdaq led the way, closing 281 points or 1.4% higher at 19,912.

After a more than 7% drop on Monday, oil prices last fell over 5%, boosting airline stocks. United Airlines (UAL.US) rose over 2%, Frontier (ULCC.US) soared more than 7%, and Delta Air Lines (DAL.US) gained nearly 3%.
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AAStocks Financial News
Web Site: www.aastocks.com

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