The S&P 500 Index ($SPX) (SPY) on Monday rose +0.36%, the Dow Jones Industrial Average ($DOWI) (DIA) rose +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.66%. June E-mini S&P futures (ESM26) rose +0.32%, and June E-mini Nasdaq futures (NQM26) rose +0.61%.
Stock indexes ended the day higher, recovering from early losses tied to Iran’s halt of US-Iran ceasefire negotiations. Oil prices rallied as much as +8% early in the day and stocks fell after Iran's Tasnim news agency reported that Iran's government said in a statement that it halted the exchange of messages with the US regarding a draft ceasefire agreement due to Israel's stepped-up attacks on Lebanon. Iran has consistently said there would be no US-Iran ceasefire without a truce in Lebanon.
