The S&P 500 has reached a new all-time high, climbing 13.3% from its March 30 low. This surge has added $7.6 trillion in market capitalization, coinciding with easing geopolitical tensions following a ceasefire agreement that restored oil shipments through the Strait of Hormuz. In related market activity, a Polymarket contract opened at 99.9% Yes on April 24, reflecting strong market sentiment. The contract saw a 23-point increase, with USDC volume reaching $120,672 and a notional value of $186,533, indicating significant institutional participation. Traders are closely monitoring potential impacts from Federal Reserve announcements and geopolitical developments in the Middle East.