Global Stocks Soar Amid Middle East Ceasefire and Oil Price Surge

Global stocks reached new heights on Thursday as news of a ceasefire between Israel and Lebanon energized markets, although oil prices climbed with supply disruptions at the key Strait of Hormuz. President Donald Trump confirmed the ceasefire agreement, signaling potential U.S.-Iran talks over the weekend.

U.S. markets surged with S&P 500 and Nasdaq hitting record levels, marking Nasdaq's 12th consecutive session of gains, a feat not achieved since July 2009. Worldwide, MSCI's stock index increased while European shares experienced a slight dip.

Oil prices spiked with U.S. crude at $94.69 and Brent at $99.39 per barrel, reflecting market volatility amid conflict resolutions. Meanwhile, PepsiCo's robust performance contrasted with setbacks for Abbott Laboratories, Charles Schwab, and Travelers. The U.S. dollar recovered following lower-than-anticipated jobless claims.