US stocks midly extended on record highs, as Israel and Lebanon agree to a 10-day ceasefire – Newsquawk Asia-Pac Market Open

US stocks extended on record levels and the Nasdaq continued to outperform, albeit modestly, while most sectors finished higher, led by energy, real estate and technology, although healthcare, industrials and consumer discretionary lagged. Energy stocks tracked gains in crude, with oil prices rising despite ongoing optimism about a resolution to the conflict. However, with the Strait of Hormuz still heavily restricted, markets are likely to look for progress beyond ceasefires, while it was also reported that a resistance commander advised caution for those wanting to cross the Bab al-Mandab Strait from noon on Friday. USD rebounded alongside a recovery in…