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Barchart
Barchart
Oleksandr Pylypenko

Stocks Climb Before the Open on U.S.-Iran Peace Hopes, PPI Data in Focus

June S&P 500 E-Mini futures (ESM26) are up +0.79%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.21% this morning as investors stepped in to buy the dip after the swift end to the latest round of U.S. strikes against Iran fueled expectations that talks over a peace deal will resume.

The U.S. launched a new wave of attacks on Iran on Wednesday, hitting multiple targets on President Trump’s orders. U.S. forces struck surveillance systems, air defense sites, and communications networks. The American military characterized the attacks as “additional self-defense strikes” in response to Iran’s “unwarranted and continued aggression.” About four hours after launching the attacks, U.S. Central Command declared the operation concluded. Iran retaliated by launching attacks on U.S. bases in Kuwait, Bahrain, and Jordan.

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