These Stocks Are Soaring as Trump Reaches Ceasefire Deal With Iran. One Expert Says the Market's 'Bottom Is In'

• Airlines and cruise stocks jumped sharply as oil prices dropped 17-18%, with United Airlines up 11%, Carnival up 12%, and WTI crude falling to $92 per barrel
• Energy stocks declined alongside commodities, with Chevron down 6% and Exxon Mobil down 8%, while tech stocks rebounded with Magnificent Seven gains of 1-5%
• Wolfe Research analysts recommend buying tech (especially semiconductors), industrials, discretionary stocks, and housing stocks, stating 'the near-term market bottom is in'

Summary: U.S. Markets Rally on Iran Ceasefire Agreement

Key Development: U.S. stocks surged Wednesday following President Trump's announcement of a two-week ceasefire with Iran. The deal came after the U.S. received a 10-point proposal deemed workable for negotiations.

Market Performance:

• S&P 500: up over 2%
• Dow Jones Industrial Average: up nearly 3%
• Nasdaq: up close to 3%

Sector Winners:

Airlines and travel stocks led gains as oil prices retreated:

• United Airlines: +11%
• Delta Air Lines: +8%
• American Airlines: +7%
• Carnival Corp.: +12%
• Norwegian Cruise Line: +10%
• Royal Caribbean: +8%

Tech stocks rebounded strongly after recent weakness, with Magnificent Seven companies rising 1-5%. Meta, Amazon, and Alphabet led the advance.

Crypto-related stocks climbed 3-5% as Bitcoin rose to around $71,500 from overnight lows near $69,000.

Sector Losers:

Energy stocks declined alongside oil prices:

• WTI crude: -18% to ~$92/barrel
• Brent crude: -17% to $90.50/barrel
• Chevron: -6%
• Exxon Mobil: -8%

Expert Outlook:

LPL Financial's Jeffrey Roach stated the outlook "has clearly improved with this ceasefire." Wolfe Research analysts declared "the near-term market bottom is in," recommending investors buy semiconductors, industrials, discretionary stocks, and rate-sensitive housing stocks. They believe the deal sets the stage for near-term Middle East peace and continued market upside.