Markets Diverge: Equities Rise as Crypto and Crude Oil Retreat

Wall Street managed a highly resilient performance today, shaking off a hawkish Federal Reserve interest rate hold to close firmly higher. The S&P 500 led the charge with a 1.08% gain, while the Dow Jones rose 0.31% [1][2]. This surge was primarily catalyzed by a preliminary US-Iran peace agreement, which successfully reopened the critical Strait of Hormuz, easing energy supply fears and putting a lid on broader inflation worries [3][4]. Combined with massive domestic semiconductor news, equities found a strong tailwind that successfully offset the hawkish tone of Fed member Warsh's press conference, which had earlier triggered a spike in short-term…