Finance

Cryptocurrencies surged alongside equities, with Bitcoin reaching an 11-week high of approximately $78,300. Ethereum also experienced significant gains, trading near $2,400 as traders shifted capital back into risk assets following the easing of immediate geopolitical tensions in the Middle East.

Strong first-quarter results from companies like GE Vernova and Boston Scientific provided a lift to the markets on Wednesday. While United Airlines faced pressure due to higher jet fuel costs impacting their outlook, the broader market remains focused on upcoming reports from major players like Tesla and AT&T.

The 10-year Treasury yield hovered around 4.28% on Wednesday as the market balanced relief from the ceasefire with persistent inflation risks. Investors are closely monitoring the impact of sustained energy supply disruptions in the Strait of Hormuz, which continue to complicate the outlook for potential Federal Reserve interest rate cuts later in 2026.

Despite recent domestic gains, analysts noted that the S&P 500 has underperformed several international markets, including the United Kingdom and Japan, so far in 2026. This trend reflects a broader global rotation and varying regional sensitivities to commodity wealth and trade links affected by ongoing Middle Eastern conflicts.