US-Iran Ceasefire Extension Lifts Major Indices; Palantir Surges

US stock indices saw a broad lift on Wednesday, driven by a reduction in geopolitical tensions following the extension of a ceasefire between the United States and Iran. The move by the Trump administration to prolong the truce has provided a relief rally for investors, shifting the market focus away from potential conflict in the Middle East and toward corporate performance. Palantir Technologies saw a notable jump in share price, reflecting increased investor confidence amid the shifting geopolitical landscape. Simultaneously, the Nasdaq Composite continued its upward trajectory, edging closer to all-time record levels as risk appetite returned to the technology sector. Market participants are now pivoting their attention toward the electric vehicle sector, with Tesla scheduled to report its earnings later today. This upcoming report is expected to provide further direction for growth stocks following the morning's geopolitical catalyst. The de-escalation in the Middle East is likely to stabilize energy markets and lower the risk premium currently embedded in global equity valuations, supporting a more bullish outlook for the near term.