Wall Street futures are flat as US and Iran try to restart talks, but oil ticks higher
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US stock markets hit a record high as hopes for a ceasefire between the US and Iran boosted investor sentiment. The S&P 500 rose 0.8% and eclipsed its prior all-time high set in January.
The US stock market reached a record high after a two-week rally driven by hopes for a ceasefire between the US and Iran. The S&P 500 rose 0.8% and surpassed its previous all-time high set in January. Regional officials reported an 'in principle agreement' to extend the ceasefire, allowing for more diplomacy. Oil prices remained cautious, with Brent crude settling at $94.93. The Dow Jones Industrial Average dipped 0.1%, while the Nasdaq composite gained 1.6%. Bank of America and Morgan Stanley saw significant gains after reporting better-than-expected quarterly results. Companies affected by AI concerns also recovered some losses.
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