S&P 500, Dow, Nasdaq Futures Jump As Trump Announces Deal With Iran—SpaceX, Tower Semiconductor, Micron, Red Cat In Focus

U.S. stock futures advanced on Monday, as the Nasdaq 100, S&P 500, and the Dow Jones indices rose, following Friday’s higher close.This follows an announcement of a peace agreement with Iran by President Donald Trump, which led to a decline in crude oil futures. He said that the deal was “now complete,” adding, “I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade.”In this truncated trading week with markets closed on Friday, investors will eye the Federal Reserve’s decision on interest rates with the new chairman, Kevin Warsh, on Wednesday.Meanwhile, the 10-year Treasury bond yielded 4.44%, and the two-year bond was at 4.03%. The CME Group's FedWatch tool‘s projections show markets pricing a 97.4% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.The SPDR S&P 500 ETF Trust (NYSE: SPY) and Invesco QQQ Trust ETF (NASDAQ: QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Monday. The SPY was up 1.29% at $751.35, while the QQQ advanced by 2.13% to $736.71.------------------------------------------------------------------------------------🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets.📲 Follow us on socials @benzinga------------------------------------------------------------------------------------⚠️ Disclaimer:Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.