US Stocks Erase Losses Despite Fragile Ceasefire, Await End to Iranian Conflict
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American stock markets reached new record highs on Friday amid hopes for lasting peace in the Iranian conflict, with major indices continuing their strong upward trajectory. The S&P 500 index achieved twelve consecutive days of growth through Friday, driven primarily by the "Big Seven" technology companies led by Microsoft and Google, which have risen by one-fifth since late March. However, the situation deteriorated over the weekend, with renewed tensions causing skepticism to return to financial markets. The volatile combination of geopolitical uncertainty and technology sector strength has created an unstable trading environment as investors weigh hopes for regional stability against ongoing conflict risks.