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flag Markets climb as Middle East tensions ease, despite Fed chief's inflation concerns.

flag Markets climbed as tensions between Israel and Iran appeared to ease, with the S&P 500 up 1.11%. flag Despite a ceasefire, Federal Reserve Chair Jerome Powell indicated no imminent rate cuts due to inflation concerns. flag Meanwhile, crude oil prices fell 7% as investors hoped for de-escalation in the region. flag Tesla's stock rose 8% following the debut of its Model Y robotaxi. flag Novo Nordisk ended its partnership with Hims & Hers, causing the latter's shares to drop nearly 35%.

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