Wall Street Indices Soar Amid Ceasefire and Fed Speculations

Wall Street's major indices, the S&P 500 and Nasdaq, saw gains on Wednesday as a ceasefire between Israel and Iran held firm. Investors are now focused on further updates from Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average increased modestly at the opening.

On Wednesday, Wall Street's S&P 500 and Nasdaq indexes experienced an upswing, nearing record highs. The rise came as a welcomed response to a stable ceasefire between Israel and Iran, which allowed investors to refocus their attention on guidance from Federal Reserve Chair Jerome Powell.

The opening bell saw the Dow Jones Industrial Average increase by 41.3 points, marking a 0.10% rise to 43,130.33. In parallel, the S&P 500 climbed 12.0 points, representing a 0.20% gain to settle at 6,104.23, while the Nasdaq Composite jumped 101.4 points, or 0.51%, reaching 20,013.947.

Investors are now waiting eagerly for further comments from Powell, as these insights are expected to influence future market trends and investment strategies.

(With inputs from agencies.)