Pre-Market Report – Tuesday 24 June: Iran retaliation muted | Trump says ceasefire deal reached

Wall Street rose last night despite continued tension in the Middle East as Fed Vice Chair Bowman sparked hopes of a July rate cut and Chicago Fed President Goolsbee noted tariffs are having a more modest inflationary impact than expected. S&P 500 up 0.96%, Nasdaq up 0.94%. Dow rose at open, fell into negative territory around midday, but rose steadily from then to end near the high. Up 375 points. All sectors positive except for Energy which followed oil down after Iran retaliatory attacks focused on US bases and avoided oil and gas tankers. Cyclicals was the best performer, led by Tesla (+8.2%), which rose after trials for its self-driving taxis began in Austin, Texas. REITS and Utilities also did well as yields eased.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.