June Nasdaq 100 E-Mini futures (NQM26) are trending up +1.61% this morning as optimism that the U.S. and Iran are close to a peace agreement, along with upbeat quarterly results and guidance from Advanced Micro Devices, boosted sentiment.
Axios reported on Wednesday that the White House believes it is nearing an agreement with Tehran on a one-page memorandum to end the war and establish a framework for more detailed nuclear negotiations. On Tuesday evening, President Trump said in a post on Truth Social that “Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran.” Mr. Trump also said he had agreed to temporarily pause “Project Freedom,” the administration’s initiative to guide commercial ships through the Strait of Hormuz.
