US Equity Markets End Higher as US Says Iran Ceasefire Holds, Oil Falls
US equity indexes ended higher on Tuesday after Defense Secretary Pete Hegseth said the ceasefire agreement with Iran remains in force and crude oil prices declined.* Hegseth, speaking at a press conference, promised to press ahead with opening the Strait of Hormuz, while Gen. Dan Caine, chairman of the Joint Chiefs of Staff, said Iran's military actions didn't rise to the level of restarting the war, according to the Wall Street Journal.* US job openings fell to 6.866 million in March from 6.922 million in February, according to the Bureau of Labor Statistics, versus the 6.85 million expected in a Bloomberg poll.* The Institute for Supply Management's US services index declined to 53.6 in April from 54.0 in March, versus expectations for 53.7 in a Bloomberg survey.* June West Texas Intermediate crude oil fell $3.71 to settle at $102.71 per barrel, while July Brent crude, the global benchmark, was last seen down $4.27 at $110.21.* Waters (WAT) shares rose 13%, the biggest gain on the S&P 500, after the company reported higher fiscal Q1 adjusted earnings and revenue.* Huntington Ingalls Industries (HII) shares fell 10%, the largest drop on the S&P, after the company's Q1 results.
