Wall Street rallies on Iran peace speculation. Stock markets surged Wednesday as President Trump signaled a potential swift end to Middle East conflict, easing geopolitical tensions that have pressured oil prices. The S&P 500 climbed 0.72% to 6,575.32, while the Nasdaq gained 1.16%, driven by strong performance in technology heavyweights like Alphabet, up 3.4%. Semiconductor stocks led gains with the chip index jumping 2.82%. SpaceX's confidential IPO filing boosted space stocks, while Eli Lilly rose 3.8% following FDA approval of its weight loss drug. Energy stocks declined 3.9% as oil prices fell sharply on reduced conflict concerns. Nike tumbled 15.5% after disappointing sales guidance. The market's two-day rally reflects investor optimism about resolving Middle East tensions and reducing inflation pressures from disrupted oil supplies.
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