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Ceasefire Hopes Boost Markets Amid Inflation Fears
Description
Stocks surged to record highs as markets reacted to fresh reports of a potential 60-day ceasefire extension between the U.S. and Iran, sparking optimism—though still pending Trump’s approval. Investors also braced for inflation data, which showed prices hitting a three-year peak driven by energy costs tied to regional tensions. Economic growth slowed further, with Q1 GDP revised down to 1.6%, hinting at a weaker second quarter. Amid the volatility, big wins emerged: Eli Lilly soared after CVS renewed coverage for its weight-loss drug, Microsoft rallied on a new AI coding model, and Snowflake jumped with a $6 billion AWS AI infrastructure deal—while Marvell also climbed.
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