Wall Street’s major indices opened higher on Tuesday amid de-escalation of Israel-Iran war. Earlier, US President Donald Trump announced a ceasefire between the countries, easing investor anxiety following a 12-day war that rattled global markets. In the early hours of trade, the Dow Jones Industrial Average (.DJI) climbed 225.3 points, or 0.53%, to 42,807.13. The S&P 500 (.SPX) rose 36 points, or 0.60%, to 6,061.21, while the Nasdaq Composite (.IXIC) advanced 178.6 points, or 0.91%, to 19,809.62.
Trump made the ceasefire announcement early Tuesday morning via a post on Truth Social, stating, “THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!” The statement came shortly after Iranian state-linked media reported that Tehran had fired its “last round” of missiles at Israel. The ceasefire followed Iran’s retaliatory strikes on the U.S.-operated Al Udeid Air Base in Qatar. Trump, later expressed frustration with both sides, urged Israel to stand down. “I’m not happy with either Tehran or Israel,” he said, specifically criticising Israel for what he described as immediate retaliation after the ceasefire was agreed. He later posted, “Israel. Do not drop those bombs. If you do it it is a major violation. Bring your pilots home, now!
Meanwhile, explosions were reported in Tehran later Tuesday. Witnesses in the Iranian capital said they heard at least two loud blasts. Israeli army radio claimed the Israeli military had struck an Iranian radar facility near Tehran. However, Prime Minister Benjamin Netanyahu’s office stated that no further Israeli strikes had been conducted following a conversation between Netanyahu and Trump. Speaking to reporters before leaving the White House, Trump reiterated his disappointment, saying Israel had “unloaded” shortly after agreeing to the ceasefire, adding further uncertainty to a fragile truce.