The S&P 500 Index ($SPX) (SPY) today is up +1.62%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.73%. June E-mini S&P futures (ESM26) are up +1.61%, and June E-mini Nasdaq futures (NQM26) are up +2.65%.
Stocks are soaring today, with the S&P 500 and Nasdaq 100 posting 1-week highs, and the Dow Jones industrials posting a new record high. Crude oil prices and global bond yields are tumbling today, giving equity markets a boost after the US and Iran agreed to end their war and reopen the Strait of Hormuz. President Trump said the Strait of Hormuz will reopen after the signing of the peace deal on Friday in Switzerland, which will trigger the start of 60 days of talks on Iran's nuclear program. However, if an agreement isn't reached on nuclear, the US could restart military attacks.
