Market rebound after Iran attack pause

What happened: On April 15, the S&P 500 closed at a record high, recovering all losses since the U.S.-Iran conflict began, as investors welcomed a two-week ceasefire announced by President Trump. The S&P 500 surged 2.5%, while the Dow Jones Industrial Average jumped 1,300 points, its largest single-day point gain ever. Oil prices plunged below $95 per barrel.

Market impact: The ceasefire boosted risk assets, with all three major U.S. indexes climbing over 2.5% in the following trading session. Tech stocks, which had been underperforming, also rebounded. Energy stocks, however, declined due to the drop in oil prices. The S&P 500 posted its best week since November, with the Nasdaq jumping 3.6%.

What to watch next: On April 20, earnings season continues with reports from notable companies like Microsoft and Tesla. On April 22, the U.S. will release its first estimate of Q1 GDP growth, which could provide insight into the economic impact of the U.S.-Iran conflict. Additionally, the market will closely monitor any developments or changes in the Iran ceasefire.