Traders work on the floor of the New York Stock Exchange (NYSE) in New York City.
Spencer Pratt | Getty Images
Stock futures are rising early Monday to start a holiday-shortened trading week after President Donald Trump announced a deal has been reached to end the war between the United States and Iran.
futures tied to Dow Jones Industrial Average Increased by 440 points (0.9%). S&P500 futures Although it rose by 1.14%, Nasdaq 100 futures It rose by 1.79%.
Asia-Pacific markets also rose, with South Korea’s Kospi leading the way in the region, rising 5.56%. The small-cap Kosdaq rose 0.74%. Japan’s Nikkei Stock Average rose 4.90% and TOPIX rose 3.32%. Hong Kong’s Hang Seng Index rose 0.45%, and the mainland’s CSI300 index rose 1.47%.
Hong Kong Hang Seng Index futures stood at 24,706, below the index’s closing price of 24,718.10.
President Trump said on social media late Sunday that the deal with Iran is “now done.” Pakistan Prime Minister Shehbaz Sharif said a formal signing ceremony would be held in Switzerland on Friday.
President Trump also said he had approved the reopening of the vital Strait of Hormuz shipping lane, causing oil prices to fall on Sunday. usa crude oil It fell nearly 5%.
President Trump’s announcement came after a gunfight between Israel and Iran-backed Hezbollah in Lebanon heightened uncertainty on Sunday about whether the deal could cross the finish line.
The three major U.S. stock averages are coming off a strong week, and sentiment increased further on Friday. space xrecord initial public offering. SpaceX closed Friday up more than 19% with a market cap of more than $2 trillion.
“SpaceX’s successful IPO is a positive signal of widespread investor interest in innovation and technology in general,” said Evan Schlossman, principal at Slo Capital. “This is a reflection of the demand, interest and willingness to invest in these types of companies.”
Investors are focusing on economic data on home sales and retail sales this week. According to CME’s FedWatch tool, which will also closely monitor the Federal Reserve’s policy meeting, federal funds futures show a more than 98% chance of ending with interest rates on hold.
The stock market will be dim on Friday due to the June 15 holiday.
