While investors took heart from the ceasefire agreement between Israel and Iran, Federal Reserve Chair Jerome Powell stated that there is no rush to cut rates.US stocks made a big leap on Tuesday with a surge of over 1%. All three major indices also posted noticeable gains for the second consecutive day. The S&P 500 closed up 67 points or 1.1% at 6,092. The DJIA climbed 507 points or 1.2% to close at 43,089. The Nasdaq led the way, closing 281 points or 1.4% higher at 19,912.Related NewsEIA Crude Oil Stocks Change for Jun/20 in United States is -5.836M, lower than the previous value of -11.473M. The forecast was -0.75M.After a more than 7% drop on Monday, oil prices last fell over 5%, boosting airline stocks. United Airlines (UAL.US) rose over 2%, Frontier (ULCC.US) soared more than 7%, and Delta Air Lines (DAL.US) gained nearly 3%.(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)