US stock benchmarks extended to fresh record highs on Friday, but the rally is losing momentum as investors await further developments ahead of the April 22 end of the US-Iran ceasefire. The near-term market backdrop is being driven more by geopolitical uncertainty and positioning than by new economic or corporate data. The article implies a cautious tone despite the recent record-setting move in equities.
US stock benchmarks extended to fresh record highs on Friday, but the rally is losing momentum as investors await further developments ahead of the April 22 end of the US-Iran ceasefire. The near-term market backdrop is being driven more by geopolitical uncertainty and positioning than by new economic or corporate data. The article implies a cautious tone despite the recent record-setting move in equities.
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