Live Nasdaq Composite: Tech Stocks Soar, Oil Falls on Long-Awaited Mideast Ceasefire Deal

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JPMorgan?s trading desk isn?t wasting any time. The firm is moving back to tactically bullish on the heels of the ceasefire, calling for a re-risking move potentially on par with the post-Liberation Day rally.
The desk sees the S&P 500 breaking above 7,000 as euphoria returns, with a strong earnings season poised to add more fuel to the fire.

This article will be updated throughout the day, so check back often for more daily updates.?
With a two-week ceasefire agreement between the U.S. and Iran in place, stocks are soaring. The broader markets are even knocking on the door their next all-time high. Oil prices are now retreating, with WTI Crude and Brent Crude both falling by double-digit percentages to hover in the lower $90-per-barrel area. The rally is broad-based, with many sectors of the economy getting a bump, but energy stocks have now been downgraded on Wall Street.
Tech leaders including Nvidia (Nasdaq: NVDA | NVDA Price Prediction), Alphabet (Nasdaq: GOOGL) and Amazon (Nasdaq: AMZN) are up between 3% and 4% in pre-market trading. Invesco?s QQQ ETF, which tracks the Nasdaq 100 index, is up 3.5%.
President Trump announced a two-week double-sided ceasefire with Iran, raising hopes that the Strait of Hormuz could soon reopen and oil prices may finally ease. Additionally, Trump threatened an immediate 50% tariff on any country supplying military weapons to Iran, with no exclusions or exemptions. He posted that Iran has gone through what he called a ?very productive Regime Change,? signaling that the next chapter in U.S.-Iran relations could look very different from the last.
Here?s a look at where futures stand as of? pre-market trading:
Dow Jones Industrial Average: 48,060 Up 2.67%Nasdaq Composite: 25,220 Up 3.48%S&P 500: 6,833 Up 2.64%

Market Movers
The New York Times published a piece naming cryptogprapher Adam Back as Satoshi Nakamoto, the creator of Bitcoin. Back has denied those claims.
Unity Software (NYSE: U) and Meta Platforms (Nasdaq: META) are deepening their ties, announcing a multi-year platform support and enterprise agreement that extends their long-standing collaboration in virtual reality.
Delta Air Lines (NYSE: DAL) is flying high this morning after posting a beat on both the top and bottom lines. EPS of $0.64 topped the $0.62 estimate, while revenue of $15.9 billion blew past the $14.9 billion forecast, sending the stock surging 13% in pre-market trading.
Palo Alto Networks (Nasdaq: PANW) is gaining 2.9% in early-morning trading amid a wider rally in the cybersecurity sector. AI company Anthropic?s Project Glasswing thrust security back into the spotlight.

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