"Futures are trading higher on Wednesday as news of an impending end to the Iran war is sending oil prices dramatically lower. The Nasdaq soared to yet another all-time high on Tuesday, closing the day up 1.03% at 25,326, while the S&P 500 also closed at an all-time high on Tuesday, up 0.81% at 7,259."
"After hitting some high yields Monday, not seen in months, yields were lower across the Treasury curve as buyers jumped in, especially on longer-dated U.S. debt. The 30-year long bond finished trading Tuesday at 4.99%, while the benchmark 10-year note was last seen at 4.42%."
"Some selling across the energy complex was a major positive on Tuesday, as both major benchmarks finished the day lower. Brent Crude finished the day at $110.30, down 3.64%, while West Texas Intermediate closed the session at $102.80, down 342%."
Futures are trading higher as oil prices decline following news of a potential end to the Iran war. Strong earnings and retail investor activity contributed to market gains. The Nasdaq and S&P 500 reached all-time highs, while the Russell 2000 led with a significant increase. Treasury yields fell as buyers entered the market, despite inflation concerns. Energy prices dropped, with Brent Crude and West Texas Intermediate both experiencing significant declines. Natural gas also saw a decrease in price.
Read at 24/7 Wall St.
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