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S&P 500, Nasdaq Composite Hit Records as Trump Tackles Iran's Nuclear Ambitions, Hormuz Chokepoint

US equity indexes jumped Friday, with the S&P 500 and the Nasdaq Composite making all-time highs, and crude oil futures sank ahead of the close after a breakthrough in Middle East diplomacy boosted optimism surrounding an Iran peace deal.The Nasdaq Composite advanced 1.2% to 24,403.5, with the S&P 500 up 1.1% to 7,114.1, and the Dow Jones Industrial Average higher by 1.% to 49,412.8. West Texas Intermediate crude oil futures plunged 11% to $84.2, and Brent crude futures plummeted 8.4% to $91.05.Bloomberg reported that President Donald Trump said Iran agreed to suspend its nuclear program indefinitely and will not receive any frozen funds from the US. Axios reported Friday that the US could release $20 billion in frozen Iranian funds in exchange for Iran turning over its stockpile of enriched uranium.Trump said in a phone interview on Friday that a deal to end the war is mostly complete, according to the Bloomberg news report. Talks over a lasting agreement will "probably" be held this weekend, the president was cited as saying. The US-Iran ceasefire ends next week, implying an extension to the truce may not be required.Earlier in the day, Iran announced the reopening of the Strait of Hormuz for the remainder of the ceasefire period."In line with the ceasefire in Lebanon, the passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran," Iran's foreign minister, Seyed Abbas Araghchi, said in a post on X. The 10-day truce between Israel and Lebanon came into force on Thursday.Trump also said Friday the US naval blockade will continue until a deal with Iran is "100% complete," CNN reported.

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Japan21d ago

S&P 500, Nasdaq Composite Hit All-Time Highs Amid Breakthrough in Middle East Diplomacy

US equity indexes jumped, with the S&P 500 and the Nasdaq Composite breaking records, and crude oil futures sank in midday trading on Friday after the Strait of Hormuz was declared open for the remainder of the ceasefire period.The Nasdaq Composite advanced 1.6% to 24,493.9, with the S&P 500 up 1.4% to 7,136.5, and the Dow Jones Industrial Average higher by 2% to 49,556.5.West Texas Intermediate crude oil futures plunged 14% to $81.49, and Brent crude futures plummeted 13% to $86.58."In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran," Iran's foreign minister, Seyed Abbas Araghchi, said in a post on X, formerly Twitter. The 10-day truce between Israel and Lebanon came into force on Thursday.Meanwhile, US President Donald Trump said that the US naval blockade will continue until a deal with Iran is "100% complete," CNN reported. He expressed confidence that a deal will come soon, saying talks could happen this weekend. The US-Iran ceasefire ends next week.US Treasury yields sank, with the 10-year down 7.1 basis points to 4.24% and the two-year slipped eight basis points to 3.7% as falling crude oil prices damped inflation concerns. In precious metals, gold futures advanced 1.8% to $4,895.3 and silver futures jumped 5.4% to $82.92.

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Japan22d ago

Israel-Lebanon Truce, S&P 500's Record Close Drive US Equity Futures Higher Pre-Bell

US equity futures were edging higher pre-bell Friday as a 10-day ceasefire between Israel and Lebanon went into effect while the S&P 500 and Nasdaq Composite posted new all-time highs on Thursday.Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.2% higher.The halt of Israel's attacks on Lebanon has been an important condition for the resumption of US-Iran talks, which President Donald Trump said could occur "probably, maybe, next weekend" in remarks made outside the White House on Thursday. Trump also said that a deal with Iran could be finalized ideally before the US-Iran ceasefire ends on Tuesday, but he was willing to extend if necessary.The S&P 500 gained 0.3% to close at 7,041.28, while the Nasdaq advanced 0.4% to end at 24,102.70.Traders took note of results from two major banks, with Truist Financial (TFC) reporting higher Q1 earnings and revenue and Fifth Third Bancorp (FITB) posting lower Q1 earnings amid higher revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3.4% at $95.97 per barrel and US West Texas Intermediate crude 4.2% lower at $90.73 per barrel.Federal Reserve San Francisco President Mary Daly, Richmond President Thomas Barkin, and Governor Christopher Waller are scheduled to speak on Friday.

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Japan22d ago

Gold, Silver Futures Rise Pre-Bell as Sliding Crude Oil Futures Help Limit Inflation Concerns

Japan22d ago

WTI Crude Oil Futures Slumps 4% to $90.88 Pre-Bell; Brent Futures Drop 3.1% to $96.28

Japan22d ago

WTI, Brent Crude Oil Drop Pre-Bell as Trump Expects Lebanon Truce, Blockade Pain to Help Land Iran Deal

Japan22d ago

CBOE Volatility Index Steady Pre-Bell as Investors Weigh Middle East Diplomacy, Trump's Timeline on Iran Peace Deal

Japan22d ago

US Equity Futures Rise Pre-Bell as Trump Talks Up Iran Peace Deal After Israel-Lebanon Truce

Japan22d ago

US Equity Indexes Advance After Trump Announces Israel-Lebanon Ceasefire Deal

US equity indexes rose ahead of Thursday's close after Israel and Lebanon agreed to a 10-day ceasefire, removing a major obstacle to the Middle East diplomacy for a lasting Iran truce deal.The Nasdaq Composite rose 0.2% to 24,069.1, with the S&P 500 up 0.2% to 7,035.2, and the Dow Jones Industrial Average higher by 0.2% to 48,583.5. Energy, real estate, and technology led the gainers. Health care was the worst performer.President Trump said the US might hold discussions with Iran this weekend, The Wall Street Journal reported. "We're very close to making a deal," the president told reporters outside the White House, according to the WSJ. Trump said he wasn't sure the current two-week ceasefire in the war would need to be extended, according to the report.Earlier on Thursday, Trump said on Truth Social that Lebanon and Israel have agreed to a 10-day ceasefire starting 5 pm ET. Lebanese Prime Minister Nawaf Salam said he welcomed the decision. In a follow-up social media post on Thursday, Trump said he will invite the Lebanese President, Joseph Aoun, and Israel's Prime Minister Benjamin Netanyahu to the White House for talks.Meanwhile, US Defense Secretary Pete Hegseth said Thursday that the naval blockade of Iran is an example of "polite" behavior during the ongoing ceasefire, and US forces are ready to strike power plants and the energy industry in the country, if ordered, according to a report from Reuters.West Texas Intermediate crude oil futures rose 2.5% to $93.77, and Brent crude futures jumped 3.7% to $98.58.

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Japan22d ago

US Equity Indexes Rise Following Israel-Lebanon Ceasefire Agreement

US equity indexes rose in midday trading on Thursday after Israel and Lebanon agreed to a 10-day ceasefire, removing an obstacle to diplomacy in works to extend the Iran truce deal.The Nasdaq Composite rose 0.6% to 24,148.1, with the S&P 500 up 0.4% to 7,049.2, and the Dow Jones Industrial Average higher by 0.2% to 48,566.5.President Donald Trump said Thursday on Truth Social that Lebanon and Israel have agreed to a 10-day ceasefire starting 5 pm ET.Iranian officials and Pakistan's army chief Asim Munir are meeting in Tehran on Thursday to discuss messages between Tehran and the Washington, CNN reported. The White House has expressed optimism about reaching a deal, noting that a potential second round of talks would likely be held in Pakistan, according to CNN.US Defense Secretary Pete Hegseth said Thursday that the naval blockade of Iran is an example of "polite" behavior during the ongoing ceasefire, and US forces are ready to strike power plants and energy industry in the country, if ordered, according to a report from Reuters.

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Japan23d ago

Hopes for Middle East Peace Nudge US Equity Futures Slightly Higher Pre-Bell

US equity futures were higher pre-bell on Thursday as optimism for an end to the Middle East conflict continued to grow, with a second round of talks and a ceasefire extension on the horizon.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.2% lower.Israel's security cabinet met on Wednesday to discuss a potential ceasefire in Lebanon, which could remove a key hurdle in securing a broader peace agreement.A series of solid earnings so far this week has also allayed concerns about the economy. Taiwan Semiconductor Manufacturing (TSM) and Charles Schwab (SCHW) posted higher Q1 earnings and net revenue. Netflix (NFLX) is due to report after market close.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.7% at $95.60 per barrel and US West Texas Intermediate crude flat at $91.28 per barrel.Initial jobless claims are projected to have dropped to 213,000 in the week ended April 11 from 219,000 the prior week, according to estimates compiled by Bloomberg.The March industrial production report, due at 9:15 am ET, is forecast to show a 0.1% increase following a 0.2% gain in the prior month.

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Japan23d ago

Camino Minerals Commences Drilling at Costa de Cobre District-Scale IOCG Copper Discovery in Peru

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Japan23d ago

WTI Crude Oil Futures Rise 1.1% to $92.36 Pre-Bell; Brent Futures Climb 1.3% to $96.24

Japan23d ago

WTI, Brent Crude Futures Rise Pre-Bell as Probability of US-Iran Negotiations Seen Rising Amid Blockade, Lebanon Talks

Japan23d ago

CBOE Volatility Index Falls 0.3% Pre-Bell Amid Growing Expectations US-Iran Truce to be Extended

Japan23d ago

US Equity Futures Edge Higher Pre-Bell as Hopes for Middle East Peace Grow

Japan23d ago

Japanese Shares Climb on Ceasefire Hopes, Strong Wall Street Corporate Earnings

Optimism over a potential U.S.-Iran ceasefire and solid corporate earnings on Wall Street lifted Japanese stocks at Thursday's opening.The Nikkei 225 climbed by 345.6 points or 0.6% to open at 58,479.83.The U.S. and Iran are discussing a two-week truce extension to allow further peace negotiations, Bloomberg News reported on Wednesday, easing fears of renewed fighting even as tensions remain high over the Strait of Hormuz.Separately, IMF Mission Chief for Japan Rahul Anand told Reuters that the Bank of Japan can look past Middle East war‑related inflation, since broader second‑round price effects are likely limited.Anand's comments come as conflict‑driven oil price surges add to inflationary pressures, keeping alive market expectations for a near‑term BOJ interest rate hike.

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Japan23d ago

S&P 500 Index Touches All-Time High Amid Reports of Iran Truce Extension

Japan23d ago

US Equity Indexes Mixed Amid Reports Iran Ceasefire May be Extended for Peace Talks

US equity indexes traded mixed ahead of Wednesday's close amid speculation on an extension of the two-week Iran ceasefire, setting the stage for a lasting peace agreement between Washington and Tehran.The Nasdaq Composite advanced 1.5% to 23,991.7 and the S&P 500 rose 0.8% to 7,023.3. The Dow Jones Industrial Average, however, declined 0.2% to 48,453.9.The US and Iran are considering extending their two-week ceasefire to negotiate a peace deal, Bloomberg reported, citing a person familiar with the matter. Mediators are seeking technical talks to overcome the most contentious issues -- the reopening of the Strait of Hormuz and Iran's nuclear program -- preventing an agreement that would extend beyond next week, when an initial truce will expire, the person told Bloomberg.Trump said the war with Iran was close to over, telling the world to brace for an "amazing two days," as the army chief of mediator Pakistan arrived in Tehran in a bid to prevent a renewed conflict, Reuters reported. Pakistan's military confirmed Field Marshal Asim Munir had arrived in Tehran, the news report said. A senior Iranian source told Reuters that Munir, who had mediated the last round of talks, was heading to Iran "to narrow gaps" between the two sides.West Texas Intermediate crude oil futures fell 0.5% to $90.84, and Brent crude futures slipped less than 0.1% lower to $94.75. Both the WTI and Brent futures were up 1% earlier in the session.Technology, consumer discretionary, communication services, and financials led gainers in the final leg of trading. Industrials and materials were among the decliners.In company news, Morgan Stanley (MS) posted stronger-than-expected Q1 results as sharp gains in investment banking and trading activity helped boost revenue to a record.

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Japan23d ago

US Equity Indexes Mixed as Trump Attempts to Restrain Geopolitical Risk

US equity indexes traded mixed in midday trading on Wednesday as President Donald Trump's comments downplaying the possibility of an extended war in Iran kept geopolitical risk contained.The Nasdaq Composite jumped 1.2% to 23,920.8, and the S&P 500 rose 0.5% to 6,999.2. The Dow Jones Industrial Average, however, declined 0.5% to 48,303.5. S&P is trading within hair's breadth of its all-time high of 7,002.28.Trump said the war with Iran was close to over, telling the world to brace for an "amazing two days," as the army chief of mediator Pakistan arrived in Tehran in a bid to prevent a renewed conflict, Reuters reported. Pakistan's military confirmed Field Marshal Asim Munir had arrived in Tehran, the news report said. A senior Iranian source told Reuters that Munir, who had mediated the last round of talks, was heading to Iran "to narrow gaps" between the two sides.Meanwhile, Iran's military has threatened shipping in the Red Sea if the US continues its blockade of Iranian ports, after US Central Command said the blockade has "completely halted" Iran's economic sea trade, CNN reported.West Texas Intermediate crude oil futures rose 1.1% to $92.39, and Brent crude futures climbed 1% to $95.6."The bottom line is that despite the market's rally since last week, the current ceasefire remains fragile," Thierry Wizman, global foreign-exchange and rates strategist at Macquarie Group, said in a note. "It is currently not letting the oil flow anyway. And if agreement is not reached on the nuclear issue, hostilities may restart, including in the Red Sea."

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