US stocks rise, oil prices plunge on hopes Trump can restore Israel-Iran cease-fire
1. US stocks rose as investors hoped for cease-fire between Israel and Iran. 2. Federal Reserve's Powell stated no rush to cut interest rates. 3. S&P 500 and Nasdaq gained 0.8% and 1.2%, respectively. 4. Optimism over short-lived conflict boosts risky airline and tech stocks. 5. Trump claimed cease-fire still in effect despite rising tensions.