S&P 500, Nasdaq 100, and Dow futures rise after a US-Iran agreement reduces geopolitical risks and crude prices drop.
US stock futures climbed Sunday after a breakthrough US-Iran deal eased concerns over oil supply disruptions. Dow futures rose 0.6%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures surged 1.3% as investors favored growth and tech stocks.
The agreement, announced by President Donald Trump, includes reopening the Strait of Hormuz and financial incentives for Iran. Crude prices fell sharply, with WTI futures down nearly 5% to $81 and Brent dropping over 3% to $84.
Markets also gained momentum from SpaceX’s $2 trillion market valuation after its public debut, with shares rising 19% in their first session and an additional 3% after hours.