U.S. stock futures rose after President Donald Trump confirmed that the ceasefire between Israel and Iran, which he had announced earlier, had officially taken effect. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 1.05%, 0.62%, and 0.77%, respectively, at 4:28 a.m. EST, June 24.
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“The CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!” President Trump posted on Truth Social (DJT) around 1:00 a.m. U.S. time.
All three major indexes ended Monday’s regular session in green, recovering from geopolitical tensions. The S&P 500 rose 0.96%, the Nasdaq Composite gained 0.94%, and the Dow Jones climbed nearly 375 points.
In after-hours trading, U.S. homebuilder KB Home (KBH) shares dropped more than 2% on weak forward guidance. Chewy (CHWY) stock also slipped around 2% after the company announced a $1.0 billion equity offering.
On the economic front, all eyes will be on Fed Chair Jerome Powell today as he presents the central bank’s monetary policy report to the House Financial Services Committee. Markets will also keep an eye on home price data and June’s consumer confidence reading for further signals on the health of the U.S. economy.
On the earnings front, cruise operator Carnival (CCL), logistics giant FedEx (FDX), and BlackBerry (BB) are expected to report results today.
Meanwhile, the U.S. 10-year treasury yield was up, floating near 4.33%. Oil prices, which had spiked overnight to their highest levels since January, pulled back sharply on Monday. At the time of writing, U.S. crude futures slipped 2.5% to around $66.82 a barrel, while Brent crude, the global benchmark, was down 2.46% to approximately $69.72.
At the same time, the Gold Spot U.S. Dollar Price declined to nearly $3,330 per ounce on Tuesday.
Elsewhere, European stocks opened higher today after President Trump announced a ceasefire between Israel and Iran, confirmed by both countries.
Asia-Pacific Markets Ended Higher Today
Asia-Pacific markets rose on Tuesday after Donald Trump confirmed that the Iran-Israel ceasefire he had announced earlier was now in effect.
Hong Kong’s Hang Seng Index was up 2.06%. Also, Japan’s Nikkei and Topix indices gained 1.14% and 0.73%, respectively. At the same time, China’s Shanghai Composite and Shenzhen Component indices closed higher by 1.15% and 1.68%, respectively.
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