President Trump announces a potential U.S.-Iran interim deal, easing Strait of Hormuz tensions and boosting market sentiment ahead of Sunday trading.
Dow Jones, S&P 500, and Nasdaq futures rose Sunday evening after President Donald Trump announced progress toward an interim deal with Iran. The agreement aims to reopen the Strait of Hormuz, a critical oil transit route, easing geopolitical tensions that have weighed on markets.
Last week, equities recovered from a brief pullback as crude oil prices and Treasury yields declined on optimism over the deal. The market’s resilience followed strong performances from sectors tied to AI and electric vehicles, including Tesla, which neared key buy points.
Analysts at Jefferies added two new “Franchise Picks” to weekend watchlists, reflecting broader confidence in the market’s upward momentum amid reduced Middle East risks.