The S&P 500 Index ($SPX) (SPY) today is up +0.03%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.63%. March E-mini S&P futures (ESH26) are up +0.07%, and March E-mini Nasdaq futures (NQH26) are up +0.53%.
Stock indexes are moving higher today after a report that Iran made indirect contact with the US to negotiate an end to the war, boosting hopes that the conflict could end sooner than expected. The NY Times reported that operatives from Iran’s Ministry of Intelligence used backchannels to contact the CIA a day after US-Israeli attacks began. Stocks added to their gains on signs of a resilient US labor market after the Feb ADP employment report showed employers added more jobs than expected.
