US stock market today: Dow, S&P 500 futures rise on hopes of US-Iran war de-escalation
The US stock market is indicating a positive start due to hopes of de-escalation in the US-Iran war. Futures of key indices, including the Dow Jones and S&P 500, are trading higher, aided by a drop in crude oil prices.
The US stock market is set to start Wednesday's trade on a positive note. Futures of the Dow Jones, S&P 500, and Nasdaq are trading higher, ranging from 0.3-0.7%. This comes amid hopes of de-escalation in the US-Iran war. Recent statements by US President Donald Trump suggest a willingness to end the war. Crude oil prices have dropped, with Brent crude falling 5.4% to $98 per barrel. The US benchmark crude also dropped 5% to $96.56. The war has had significant economic impacts, including a surge in gas prices and billions of dollars in costs for the Trump administration.
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