The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.62%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.72%. June E-mini S&P futures (ESM26) rose +0.58%, and June E-mini Nasdaq futures (NQM26) rose +0.68%.
Stock indexes recovered from early losses on Thursday and settled higher, with the S&P 500 posting a 1-month high, the Dow Jones Industrial Average posting a 5-week high, and the Nasdaq 100 posting a 4-week high. Stocks rebounded on Thursday in hopes that the US-Iran ceasefire will hold after Israel agreed to direct talks with Lebanon. Axios reported that direct negotiations between Israel and Lebanon will begin next week in Washington, with the focus on disarming Iran-backed Hezbollah.
