NEW YORK, New York - U.S. stock markets closed higher on Wednesday, with the major indexes posting solid gains after President Trump extended the ceasefire in Iran and Lebanon, a move that reassured investors despite the absence of a clear timetable for further negotiations.

The tech-heavy NASDAQ led the charge.

U.S. markets benefited decisively from the geopolitical development. President Trump's decision to prolong the ceasefire helped ease concerns about a wider conflict in the Middle East, even as officials acknowledged that no specific schedule has been set for the next round of diplomatic talks. The absence of an immediate escalation was enough to boost risk appetite across Wall Street.

The Standard and Poor's 500 closed at 7,137.89, gaining 73.88 points, or 1.05 percent, on volume of 2.731 billion. The index traded between a low of 7,102.91 and a high of 7,138.64, staying near its 52-week peak of 7,147.52.

The Dow Jones Industrial Average finished the day at 49,490.77, up 341.39 points, a rise of 0.69 percent, with 415.972 million shares changing hands. The Dow moved between 49,271.50 and 49,624.48 during the session.

The NASDAQ Composite posted the strongest performance among the major U.S. averages, soaring 397.60 points to end at 24,657.57, representing a gain of 1.64 percent. Technology and growth stocks led the advance, with volume reaching 6.419 billion.

Looking ahead, investors will now turn their attention to upcoming economic data and any further signals from the White House regarding the next steps in the Iran-Lebanon ceasefire negotiations. For now, the extension has provided a welcome respite for equity markets, allowing traders to refocus on corporate earnings and interest rate expectations.

U.S. Dollar Strengthens Modestly Against Euro and Franc; Yen Steady in Wednesday FX Trading

The U.S. dollar posted a mixed performance against major currencies on Wednesday, gaining ground against the euro and the Swiss franc while showing little movement against the British pound, as traders analyzed shifting interest rate expectations and global growth signals.

The euro weakened against the dollar. The EUR/USD pair settled at 1.1708, down 0.003455 on the day, representing a decline of 0.29 percent. The euro traded between a high of 1.1762 and a low of 1.1706, as concerns over the European economic outlook weighed on the common currency.

The British pound was essentially flat. GBP/USD last traded Wednesday at 1.3507, edging lower by just 0.000025, a change of 0 percent. The pair opened at 1.3503 and reached a session high of 1.3535 against a low of 1.3492, reflecting investor indecision ahead of key UK economic data later this week.

The dollar advanced against the Japanese yen. USD/JPY settled at 159.48, gaining 0.1040, or 0.07 percent. The dollar traded in a narrow range between 159.10 and 159.53, with the move extending the greenback's recent upward bias amid a persistent yield advantage for U.S. Treasuries.

The Swiss franc was notably weaker. USD/CHF climbed 0.003770, a rise of 0.48 percent, to 0.7845. The dollar traded between a low of 0.7792 and a high of 0.7845, marking one of the largest percentage gains among major currency pairs on the session.

The Canadian dollar lost marginal ground. USD/CAD rose 0.000220, or 0.02 percent, settling at 1.3666. The pair opened at 1.3665 and touched a high of 1.3672 against a low of 1.3643, with the move largely reflecting broader dollar strength rather than specific Canadian data.

Commodity currencies showed resilience. The Australian dollar gained against its U.S. counterpart, with AUD/USD rising 0.000805, or 0.11 percent, to last trade at 0.7159. The pair traded between 0.7146 and 0.7176.

The New Zealand dollar posted a stronger advance. NZD/USD climbed 0.001405, a gain of 0.24 percent, finishing the session at 0.5907. The kiwi traded in a range of 0.5882 to 0.5924, supported by solid risk appetite and stable commodity prices.

Overall market sentiment remained cautious. Traders are now turning their attention to upcoming central bank communications and inflation data, which could provide fresh direction for the dollar and its major counterparts in the days ahead.

Global Markets Close Mostly Lower as European and Asian Indexes Falter; U.S. Data in Focus

Global stock markets closed with a decidedly negative tilt on Wednesday, as losses in the UK, Europe and much of Asia outweighed modest gains in several key indices. Investors appeared to digest a mix of corporate earnings and economic signals, leading to a cautious end to the trading session.

UK and European markets end in the red across the board. The FTSE 100 in London fell 21.63 points, or 0.21 percent, to close at 10,476.46. Germany's DAX P index dropped 75.97 points, a decline of 0.31 percent, finishing the day at 24,194.90. Germany's economics ministry on Wednesday downgraded its 2026 forecast to 0.5 percent, effectively half of its previous estimate. The ministry blamed the war in Iran and the closure of the Strait of Hormuz.

In France, the CAC 40 was among the larger losers, shedding 79.28 points to end at 8,156.43, a loss of 0.96 percent.

The broader EURO STOXX 50 Index declined by 24.03 points, or 0.41 percent, closing at 5,906.22, while the Euronext 100 Index fell 8.69 points (0.48 percent) to 1,813.91. Belgium's BEL 20 index also struggled, dropping 44.59 points, or 0.82 percent, to settle at 5,386.79.

Asian benchmarks were similarly mixed but leaned negative. Hong Kong's Hang Seng Index fell sharply, losing 324.24 points, or 1.22 percent, to close at 26,163.24. Australia's S&P/ASX 200 dropped 105.80 points (1.18 percent) to 8,843.60, while the broader ALL ORDINARIES index lost 102.70 points, a decline of 1.12 percent, ending at 9,074.40.

New Zealand's S&P/NZX 50 Index was a rare green spot, edging up 13.27 points (0.10 percent) to 12,945.60.

India's S&P BSE Sensex fell 756.84 points, closing at 78,516.49 for a loss of 0.95 percent.

Elsewhere in the region, the IDX Composite in Indonesia slipped 17.77 points (0.24 percent) to 7,541.61, and Malaysia's FTSE Bursa KLCI dipped 4.94 points, or 0.29 percent, to finish at 1,710.39.

Singapore's STI Index closed 12.24 points lower, a 0.24 percent drop, at 5,002.72.

However, there were bright spots. Japan's Nikkei 225 bucked the trend, adding 236.69 points to close at 59,585.86, a gain of 0.40 percent. South Korea's KOSPI Composite Index rose 29.46 points, or 0.46 percent, to end at 6,417.93. Taiwan's TWSE Capitalization Weighted Stock Index also advanced, climbing 273.36 points (0.73 percent) to 37,878.47.

Mainland China's SSE Composite Index posted a solid gain, rising 21.18 points, or 0.52 percent, on volume of 2.412 billion shares, closing at 4,106.26.

Canada's market finished in positive territory, though with more subdued momentum. The S&P/TSX Composite Index rose 146.81 points, or 0.43 percent, to close at 33,955.11 on volume of 207.22 million. The TSX benefited from firmer commodity prices and the generally improved risk sentiment spilling over from U.S. markets, though gains were capped by lingering caution over trade and resource sector dynamics.

Notable moves in the Middle East and Africa included:

• Egypt's EGX 30 Price Return Index fell slightly by 14.90 points, a negligible 0.03 percent, on volume of 816.087 million, closing at 51,962.40.

• Israel's TA-125 index finished flat at 4,327.87, showing no change for the day.

• South Africa's Top 40 USD Net TRI Index dropped 33.00 points, or 0.46 percent, to 7,199.12.

(This report incorporates quotes retrieved with the assistance of artificial intelligence).

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