Stocks Jump on US-Iran Peace Optimism
US stocks rose on optimism about US-Iran peace and supportive earnings. Bloomberg Intelligence said 83% of 475 S&P 500 Q1 reporters beat estimates; Q1 earnings are projected +12% y/y (ex-tech about +3%). S&P gains were led by chip/AI and airlines as WTI fell ~3%. Rates: 10-year yield fell ~7.5 bp to 4.483%; ECB swaps price a 91% chance of a +25 bp hike.