Stocks rise on ceasefire, Powell stays cautious, housing weak

On Morning Brief, Brad Smith covers markets rebounding as President Trump announces a ceasefire between Israel and Iran, easing oil and geopolitical concerns. Fed Chair Jerome Powell says the central bank is likely to keep rates on hold until the economic impact of tariffs becomes clearer, even as some officials push for rate cuts. The housing market remains under pressure, with sluggish sales and affordability challenges highlighted by guest Meredith Whitney. Tesla (TSLA), Starbucks (SBUX), and Nvidia (NVDA) are among today’s trending tickers.

Takeaways:

• Stocks jump as Middle East tensions ease and oil falls

• Powell urges patience on rate cuts amid tariff and inflation uncertainty

• US housing market faces historic slowdown, affordability remains a top issue

Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.

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Yahoo Finance's Morning Brief is hosted by Brad Smith.

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