On April 8, 2023, US stocks experienced a notable rally, with major indices such as the S&P 500, Dow Jones, and Nasdaq each rising over 2% after a temporary ceasefire was announced between the US and Iran. This ceasefire, which allows safe passage through the Strait of Hormuz, has alleviated concerns about energy supply disruptions and inflation. The tech sector, particularly the 'Magnificent Seven' stocks, saw impressive gains, with Meta Platforms and Amazon both increasing by 6%. Other tech giants like Tesla and Alphabet also posted substantial rises. The ceasefire led to a sharp decline in crude oil prices, with Brent and WTI falling over 15%, and revived hopes for potential US Federal Reserve rate cuts, with a 60% probability now indicated for cuts by year-end. However, many tech stocks remain significantly lower than their recent peaks, prompting caution among investors regarding sustainable revenue growth. Despite these concerns, Wall Street maintains a positive outlook on earnings growth for tech companies this year.