US stock futures rise after Trump says Iran deal is near, cancels strikes
S&P 500, Nasdaq 100 and Dow futures gained, while crude oil plunged, after President Trump called off strikes on Iran and signaled a peace deal was close.
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US equity futures moved higher and oil prices tumbled on Tuesday after President Donald Trump announced he had called off military strikes against Iran and indicated a deal was near.
Key market moves:
- S&P 500 futures: +0.5%
- Nasdaq 100 futures: +0.8%
- Dow Jones futures: +0.4%
- WTI crude: -7.5%
- Brent crude: -10.0%
- Gold: +0.7%
The reversal in geopolitical tensions lifted risk appetite and triggered a sharp selloff in energy contracts.
Source: The Kobeissi Letter