Asia Up, Europe Markets Slip, Dollar Under Pressure On Increased Risk Appetite - Global Markets Today While US Slept

On Tuesday, June 24, U.S. markets closed higher as investors responded positively to a ceasefire between Israel and Iran and awaited signals from the Federal Reserve. The Nasdaq 100 reached a record close, and the S&P 500 neared its previous peak.

Tech shares led the rally, while energy stocks slipped on lower oil prices. Fed Chair Powell emphasized a cautious approach to rate cuts, with weakening consumer confidence adding to expectations for future easing.

In economic data, the U.S. current account deficit jumped 44% to $450.2 billion in Q1, above the prior $312 billion and slightly above forecasts. Meanwhile, home price growth slowed, with the S&P Case-Shiller Index rising 3.4% in April, down from 4.1% in March.

Most S&P 500 sectors ended higher on Tuesday, led by tech, communication services, and financials. Energy stocks declined, bucking the trend.

The ...