Ceasefire Extension Boosts Nasdaq 0.8%, Magnificent Seven Stocks Recover
Magnificent Seven stocks are all up this week after President Trump extended the ceasefire with Iran.
Quick overview
- President Trump announced an indefinite extension of the ceasefire between the U.S. and Iran, leading to a rise in stock markets.
- The Nasdaq gained 0.8%, while the S&P 500 and Dow Jones both rose by 0.6%, as investors reacted positively to the ceasefire news.
- High-growth stocks, particularly the Magnificent Seven, are rebounding after a period of poor performance, contributing significantly to the S&P 500's gains.
- Companies like Microsoft, Meta, and Amazon are seeing stock increases due to strategic moves and upcoming earnings reports.
On Tuesday evening, President Donald Trump announced that the ceasefire between the United States and Iran would be extended indefinitely, and stocks climbed in response.
The Nasdaq gained 0.8% on Wednesday morning in early trading, while the S&P 500 and Dow Jones both rose by 0.6%. The increases are attributed to news on the Iran-U.S. ceasefire, which Trump extended in time for the deadline.
The Nasdaq and S&P 500 now both remain just below record highs after an excellent previous week. The ceasefire announcement could help these indices to set fresh highs and spur tremendous growth among a number of stocks.
Magnificent Seven Stocks Rise High
After months of poor performance, the high-growth Magnificent Seven stocks are on the rise. These include Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Meta Platforms (META), Tesla (TSLA), Amazon (AMZN), and Alphabet (GOOGL). These tech giants are among the stocks with the largest returns from year to year, making up about 40% of the S&P 500’s gains.
These stocks experienced severe selling pressure through the first quarter of 2026, but they recovered well recently and were looking bullish in early trading on Wednesday. Microsoft climbed 1.46% after cutting their Xbox Game Pass subscription costs from 15%-23% per tier.
Meta Platforms added 0.74% and announced that it would be tracing employee mouse and keyboard movements. That data would be used to train the META AI programs at a considerable cost savings compared to outsourcing the research.
Amazon stock added 0.92% to its total in remarket trading Wednesday, and this stock has gained about 30% over the last few weeks. Now, with an earnings report scheduled for next month, they may be prepared to give an excellent quarterly statement and a hopeful outlook for the rest of the year.
Alphabet may have dipped 1.52% on Tuesday, but they climbed 1.67% today. Their gains are attributed to the unveiling of new chips and new partnerships at the recent Cloud Next 2026 conference.
Tesla is gearing up for an earnings report on Wednesday after the bell. Their stock is up 0.62%, which is promising for the company that took a hit last quarter. With a renewed focus on AI and robotics services, the company is shifting the scrutiny away from its underperforming EV division.
Apple added 0.34% to its stock value today, and they will be replacing longtime CEO Tim Cook with John Ternus. After serving as the head of hardware engineering for the company, Ternus will be taking over as CEO on September 1st.
Nvidia is up by 0.40% as they look to expand their data center infrastructure into South Korea. The company is working with power equipment makers in South Korea to create new data centers using cost effective measures that could keep Nvidia’s capex spending in check.
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