Wall Street rallies on possible US-Iran ceasefire as Nasdaq 100 jumps 3.1% and RBA tipped to hold rates

A possible ceasefire agreement between the US and Iran helped lift US stocks, with the Nasdaq 100 up 3.1% and the Dow closing at a record. SpaceX shares surged 19.6% on their second day of trading after reports that Australian billionaire Gina Rinehart’s Hancock Prospecting took a reported $1.4 billion stake at IPO. In Australia, markets are overwhelmingly expecting the RBA to leave interest rates unchanged at its policy meeting. ASX futures point to a modest pullback, with SPI 200 futures down 1.1%.