US stock futures rally on de-escalation of Iran tensions; oil drops sharply on peace deal optimism.
Macro & Markets ·
US stock market futures advanced following statements that strikes on Iran were called off with a deal described as imminent, with the S&P 500 rising 0.5%, Nasdaq 100 climbing 0.8%, and the Dow Jones gaining 0.4%, while crude oil prices fell sharply on the developments with WTI dropping 7.5% and Brent falling 10.0%, though gold edged up 0.7%.