Tech Stocks Surge as S&P 500 Nears Record Highs Post Israel-Iran Ceasefire

Holy smokes, tech stocks are soaring through the roof as the S&P 500 inches closer to those dizzying all-time highs, all thanks to the Israel-Iran ceasefire breathing some much-needed calm into the markets.

The U.S. stock indices are all over the place, but the S&P 500? It's flirting with its record highs like it's nothing. On June 25, the Dow Jones took a nosedive, dropping 151.95 points, or 0.35%. Meanwhile, the Nasdaq, the tech darling, climbed up by 0.24%. The S&P 500? It's hanging in there, flat as a pancake at 6,090 points, just a stone's throw away from its February peak of 6,144.

Stocks are finally catching their breath after that wild rollercoaster ride earlier this week. Remember when the Iran-Israel tensions were threatening to blow up into a full-blown regional war? Yeah, the U.S. was on the brink of another messy Middle East entanglement. But now, with the ceasefire in place, markets are chilling out and getting back to business as usual.

Crude oil prices are climbing back up, jumping 2% to $65 per barrel after taking a hit from those crazy highs during the conflict. But tech stocks? They're on fire as traders start sniffing out signs of those sweet, sweet rate cuts coming down the pipeline this year.

Nvidia Soars Near All-Time High, Trump Eyes Powell's Seat

Hold onto your hats, folks, because Nvidia is tearing it up, skyrocketing 3.4% to hit $152.93. It's gunning for that all-time high of $153.13 from back in January, and it's not slowing down. This beast of a rally has Nvidia's market cap zooming past Microsoft's, hitting a whopping $3.71 trillion compared to Microsoft's $3.65 trillion.

Bank of America's shouting from the rooftops about Nvidia, calling it the king of AI chips, and that's probably what's got everyone so hyped. Plus, the whole AI sector's looking pretty sweet right now, especially with President Donald Trump pushing for a more relaxed monetary policy.

Trump's been on Federal Reserve Chair Jerome Powell's case for months, and now he's straight-up looking for someone to take Powell's seat. He's narrowed it down to three or four hotshots to replace Powell as Fed Chair. Trump hasn't spilled the beans on whether he'll boot Powell before his term officially wraps up in May 2026, but you know he's got something up his sleeve.