Mumbai, June 25 -- The Nasdaq surged 281.56 points (1.4%) to 19,912.53, the Dow jumped 507.24 points (1.2%) to 43,089.02 and the S&P 500 shot up 67.01 points (1.1%) to 6,092.18.

Wall Street extended its gains following President Trump's announcement of a ceasefire between Israel and Iran, easing investor concerns over geopolitical tensions. Despite accusations of violations from both sides, market sentiment remained optimistic. Traders also brushed off Fed Chair Jerome Powell's remarks about holding interest rates steady, despite pressure from Trump.

The Conference Board released a report showing an unexpected deterioration by consumer confidence in the month of June. Its consumer confidence index fell to 93.0 in June from a revised 98....