The S&P 500 Index ($SPX) (SPY) today is up +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.34%. September E-mini S&P futures (ESU25) are up +0.10%, and September E-mini Nasdaq futures (NQU25) are up +0.34%.
Stock indexes today are mostly higher, with the S&P 500 posting a 4-month high and the Nasdaq 100 posting a new all-time high. Reduced geopolitical risks in the Middle East have boosted market sentiment and prompted a risk-on for asset markets as the ceasefire between Israel and Iran appears to be holding. President Trump said today that the Mideast war is “over” and the US will hold a meeting with Iran next week. Stocks fell back from their best levels after the US May new home sales fell more than expected to a 7-month low.
