On Wednesday, Wall Street's main indexes climbed to near one-month highs following a ceasefire agreement between the US and Iran. The Dow Jones Industrial Average surged by 2.8%, or 1,308.99 points, reaching 47,893.45. The S&P 500 and Nasdaq Composite also saw gains of 2.36% and 2.81%, respectively. The ceasefire raised hopes that energy supplies through the Strait of Hormuz, a crucial route for global oil trade, could resume, leading to a drop in crude prices below $100 per barrel. Travel-related stocks experienced significant increases, with Southwest Airlines and United Airlines rising by 10.8% and 12.8%. In contrast, the S&P 500 energy sector fell by nearly 5%, with major companies like Exxon Mobil and Chevron facing declines. Market analysts remain cautious, noting that while the ceasefire is a positive development, its short duration may not be enough to restore investor confidence fully. Additionally, upcoming domestic inflation readings and comments from Federal Reserve officials will be closely monitored for their potential impact on market sentiment.