Tensions in the Middle East eased slightly overnight, offering global markets a brief moment of calm. U.S. stock futures nudged higher on Wednesday, buoyed by a tentative ceasefire between Israel and Iran and cautious optimism from investors. On Tuesday, the Nasdaq 100 closed at a record high. But with Jerome Powell set to testify again on Capitol Hill and tariff concerns lingering, the sense of relief remains decidedly provisional.

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