US Stocks Hit Record High on Israel Cease-Fire Deal US equity markets surged to all-time highs as investors looked past Donald Trump’s tariff plan, with geopolitical risks abating after Israel and Hezbollah reached a cease-fire agreement. Wall Street posted its seventh straight winning session and new all-time highs despite tariff worries, with the S&P 500 notching its 52nd record this year lifted by hopes for another Federal Reserve rate cut and a mega-cap revival. U.S. short-term interest-rate futures pared earlier losses after the Fed's latest minutes showed officials appeared divided over how much further they may need to cut interest rates. The U.S. dollar advanced versus major currencies. In the commodity space, WTI oil traded lower as Israel and Lebanon reportedly agreed to a ceasefire. The personal consumption expenditure (PCE) index for October will be released on Wednesday, with forecasts calling for inflation to rise to 2.3% annualized, up from 2.1% the prior month. The Conference Board's Consumer Confidence Index for November rose to 111.7, a gain of 2.1 points from a revised 109.6 the previous month and the best number since mid-2023. Europe was down as markets assessed the global implications of potentially higher U.S. tariffs. China’s industrial profits dropped by 10% in October from a year ago, in another sign that Beijing’s stimulus measures have yet to reverse a slump in corporate earnings. That followed a 27.1% year-on-year decline in September, the steepest plunge since March 2020. In corporate news - Exide Industries invests to Rs. 100 cr in EV battery arm, Vedanta to invest $2 billion in Saudi copper-processing facilities and Angel One's AMC arm gets SEBI's approval to launch mutual fund business. Nifty ended marginally lower on Nov 26 after failing to hold on to higher levels of the morning. In the process, it snapped its two–session rally. At close, Nifty was down 0.11% or 27.4 points at 24194.5. Defence, Banks, Telecom shares saw large volumes with some buying interest. Nifty formed an engulfing bear pattern on daily charts though the day-on-day loss has been minimal, and the size of the candle is small. The up-gap made on Nov 25 has still not been filled. Nifty could now stay in the 23842-24503 band for the near term, though the rise in the Index from here could be laboured. Indian markets are likely to open higher in line with positive global cues.