The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.80%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.40%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +1.41%.
Stock indexes settled mostly higher on Wednesday, with the S&P 500 and Nasdaq 100 posting new all-time highs. Optimism around a potential peace deal in the Middle East is supporting stocks. The AP reported on Wednesday that the US and Iran reached an "in-principle agreement" to extend the ceasefire to allow for more diplomacy. The US and Iran are considering extending their ceasefire, which ends on Tuesday, by another two weeks to allow more time to negotiate a peace agreement. The weakness in industrial stocks on Wednesday, over concerns about US metals tariffs, weighed on the Dow Jones Industrial Average.
