NEW YORK (VINnews) – U.S. stocks climbed for a second straight session Thursday, extending a sharp rebound after a ceasefire announcement helped ease geopolitical tensions and lift investor confidence.

The rally followed a surge a day earlier, when markets jumped after President Donald Trump announced a temporary ceasefire tied to the conflict with Iran.

On Thursday, the Dow Jones Industrial Average rose 275.88 points, or 0.6%, to 48,185.80. The S&P 500 gained 41.85 points, or 0.6%, to 6,824.66, while the Nasdaq composite added 187.42 points, or 0.8%, to 22,822.42.

The gains followed a much larger rally the previous day, when the Dow surged more than 1,300 points and the S&P 500 and Nasdaq each climbed more than 2.5% after the ceasefire news was first announced.

Investors have been encouraged by signs of de-escalation in the region, with hopes that the ceasefire could stabilize energy markets and reduce uncertainty. Major indexes have now posted a multi-day winning streak, reflecting growing optimism on Wall Street.