Markets rally as US and Iran agree to ceasefire
Stock futures rose after the US and Iran agreed to a ceasefire, with Dow futures up 128 points. However, energy markets remain cautious due to ongoing threats in the Strait of Hormuz, affecting oil prices.
pre-market1 source ↓written by the desknot a recommendation
- +0.25
- 128 points
- futures increased
- 0.38%
- 0.35%
- to $69.46
- 0.33%
Stock futures surged on Sunday evening following a ceasefire agreement between the U.S. and Iran, easing tensions in the Persian Gulf. Dow futures rose 128 points (+0.25%), while S&P 500 and Nasdaq futures increased by 0.38% and 0.35%, respectively.
Despite the positive sentiment, energy markets remain cautious due to ongoing threats around the Strait of Hormuz, with U.S. oil futures up 0.33% to $69.46 per barrel. The situation continues to impact ship traffic recovery in this critical area.
Not investment advice. For informational purposes only.