Stock Market Today: S&P 500, Dow Futures Gain As Trump Hints At 'Very Good' Iran Deal Within Days—Amplitech Group, Vail Resorts In Focus (UPDATED)
(Editor’s note: The future prices of benchmark tracking ETFs, and the headline were updated in the story.) U.S. stock futures rose on Tuesday, as the Nasdaq 100, S&P 500, and the Dow Jones indices gained, following Monday’s mixed close. President Donald Trump expressed confidence in a swift conclusion to the ongoing war with Iran, and stated that the negotiating parties are on the verge of finalizing a "very, very good deal" aimed at prohibiting nuclear weapons. He told reporters that a deal could be struck in "two or three days," with the reopening of the strategically important Strait of Hormuz to follow "immediately." Separately, investor sentiment was supported by the official April U.S. international trade report, which revealed the overall goods and services deficit ticked down slightly by 1.2% to $55.9 billion, down from $56.6 billion in March. The narrowing gap came as total exports surged 2.6% to a record-breaking $327.1 billion, completely overshadowing a 2.0% increase in imports. This trade resilience helped counter a more downbeat reading from the National Federation of Independent Business (NFIB). The NFIB Small Business Optimism Index dipped 0.6 points to 95.3 in May.h. Meanwhile, the 10-year Treasury bond yielded 4.55%, and the two-year bond was at 4.15%. The CME Group's FedWatch tool ‘s projections show markets pricing a 98.2% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting. Index Performance (+/-) Dow Jones 0.16% S&P 500 0.38% Nasdaq 100 0.71% Russell 2000 0.72% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ) , which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Tuesday. The SPY was up 0.38% at $742.01, while the QQQ advanced by 0.69% to $721.03. data-variant="card" data-news-mode="manual" > R
Read Full Article at Benzinga →