The S&P 500 Index ($SPX) (SPY) today is up +0.52%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.68%. June E-mini S&P futures (ESM26) are up +0.57%, and June E-mini Nasdaq futures (NQM26) are up +0.81%.
Stock indexes are extending Tuesday’s sharp rally today, with the Dow Jones Industrials posting a 2-week high on mounting optimism that the war in the Middle East is nearing a conclusion. President Trump said he foresaw the US ending the war with Iran within two to three weeks. Mr. Trump said Iran has asked for a ceasefire, which he will consider when the Strait of Hormuz is “open, free and clear.” Meanwhile, the US and Israeli forces kept up their bombardment of Iran, while Israel, Bahrain, Kuwait, and the UAE all reported attacks by Iran, with Qatar saying a fuel oil tanker was struck in Qatari waters.
