S&P 500 Rises as Markets Watch for Potential U.S.-Iran Ceasefire
The S&P 500 edged higher on Monday after a strong week, as oil prices swung and investors weighed the likelihood that the U.S.-Iran war could end soon. The broad index added 0.3%, while the Nasdaq Composite rose 0.4%. The Dow Jones Industrial Average climbed about 100 points, or 0.2%.
Axios reported that the U.S., Iran, and a group of regional mediators have been discussing terms for a possible 45-day ceasefire that could pave the way toward a permanent end to the war. The outlet said the odds of reaching even a partial agreement ahead of Tuesday’s deadline appeared slim, and the 45-day truce is only one of several ideas under consideration.
In a separate report, Reuters said Iran and the U.S. have received a plan to end hostilities that, if agreed, would deliver an immediate ceasefire and the reopening of the Strait of Hormuz. The framework, which could take effect as soon as Monday, was put together by Pakistan, according to an unnamed source cited by Reuters.
President Donald Trump is scheduled to hold a news conference with the military at 1 p.m. ET, an event traders are watching closely for fresh guidance on the conflict and implications for energy flows.
Wall Street entered the new week with momentum after a sharp rally last week, when the S&P 500 gained 3.4%. The advance snapped a five-week losing streak and marked the benchmark’s best weekly performance since late November.
Source : Newsmaker.id
