U.S. stock futures moved higher after President Donald Trump announced a ceasefire agreement between Iran and Israel. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.72%, 0.42%, and 0.51%, respectively, at 10:18 p.m. EST, June 23.
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“It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE … for 12 hours, at which point the War will be considered, ENDED!” Trump posted on Truth Social (DJT).
However, Iran and Israel have not publicly confirmed agreeing to Trump’s ceasefire timeline.
All three major indexes ended Monday’s regular session in green, recovering from geopolitical tensions. Stocks rallied after Iran hit a U.S. base in Qatar in response to U.S. strikes on its nuclear sites. The S&P 500 rose 0.96%, the Nasdaq Composite gained 0.94%, and the Dow Jones climbed nearly 375 points.
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 3.49% to around $66.12 a barrel.
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