US-Iran Tensions Flare Despite Ceasefire, Adobe Launches $25B Buyback, Mixed Japan Data

Market News
1. The U.S. extended a ceasefire with Iran, but Iran rejected it and threatened to close the Strait of Hormuz, increasing geopolitical uncertainty impacting oil prices and stock markets.
2. Adobe (ADBE) shares rose 2% after announcing a new $25 billion stock repurchase program, providing strong positive sentiment for investors.
3. Japan's economic data showed March exports rose 11.7%, beating forecasts, but the trade balance significantly missed market expectations.