"Markets had plummeted early Monday before the opening bell, only to stage a massive turnaround following news of a potential diplomatic breakthrough. The rally was ignited by President Trump's announcement of significant progress in negotiations with Iran, alongside a five-day de-escalation period regarding potential military strikes on Iranian power plants."
"All of the major indices finished the day higher, with the small-cap Russell 2000 leading the way up 2.29% to close at 2,494. The tech-heavy Nasdaq finished the session at 21,946, up 1.38%, while the Dow Jones Industrials closed up 1.38% as well, at 46,208."
"Treasury debt was higher across the entire curve as buyers emerged after a long run of selling. The planned postponement of strikes against Iranian energy infrastructure eased geopolitical tensions."
"After a huge run higher, the major oil indices all plunged as sellers emerged to take profits. Brent Crude closed Monday at $100.40, down a stunning 10.5%, while West Texas Intermediate also closed down double-digits, at $88.13, down 10.28%."
Futures trading was flat on Tuesday after a volatile start to the week. Markets initially dropped but rebounded following President Trump's announcement of progress in Iran negotiations. This led to a dramatic shift, with futures recovering from a 300-point deficit to a 1,000-point gain. Major indices finished higher, with the Russell 2000 up 2.29%. Treasury bonds saw increased buying as geopolitical tensions eased, while oil prices fell significantly after a recent surge. Gold prices continued to decline, closing lower after a previous downturn.
Read at 24/7 Wall St.
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