The S&P 500 Index ($SPX) (SPY) today is up +0.39%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.76%. June E-mini S&P futures (ESM26) are up +0.49%, and June E-mini Nasdaq futures (NQM26) are up +0.76%.
Stock indexes are higher today on hopes that the US and Iran will extend the two-week ceasefire. Reuters reported today that the US and Iran are considering negotiations to extend a two-week ceasefire that expires on April 22, and that they could resume talks this week in Pakistan. There are also reports that Iran might pause shipments through the Strait of Hormuz to avoid sparking an incident with the US military. The news knocked crude oil prices down by more than -3%.
