June S&P 500 E-Mini futures (ESM26) are trending up +0.02% this morning, swinging between gains and losses as optimism over a de-escalation in the Middle East conflict wanes.
Investors continue to navigate a flood of headlines surrounding the Middle East conflict after President Trump signaled a potential end to hostilities on Monday following what he described as productive discussions. Fragile optimism over a potential easing of tensions gave way to renewed caution after the Wall Street Journal reported that U.S. allies in the Persian Gulf are moving closer to joining the fight against Tehran. Also, Iran’s deputy speaker dismissed the possibility of talks with the U.S., echoing similar remarks from other officials in the regime.
