The S&P 500 Index ($SPX) (SPY) today is up +0.85%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.89%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.10%. September E-mini S&P futures (ESU25) are up +0.80%, and September E-mini Nasdaq futures (NQU25) are up +1.10%.
Stock indexes are trading higher today with the S&P 500 and Nasdaq 100 posting 4-month highs and the Dow Jones Industrials posting a 1-1/2 week high. Global equity markets rallied, and WTI crude oil prices are down sharply by more than -4%, after President Trump announced that Israel and Iran had agreed to a tentative ceasefire, spurring hopes for a lasting resolution to the conflict. The easing of geopolitical risks has boosted market sentiment and prompted a risk-on for asset markets.
