Trump Declares Peace Stocks Soar!

Stock Futures Surge as Trump Announces Iran-Israel Ceasefire

Stock futures experienced a significant uptick early Tuesday, buoyed by President Donald Trump's announcement of a ceasefire between Israel and Iran. This development signals a de-escalation of tensions in the Middle East, bringing a sense of relief to global markets.

As of early trading:

• Dow Jones Industrial Average futures climbed by 350 points, or 0.8%.
• S&P 500 futures rose by 0.9%.
• Nasdaq 100 futures surged by 1.2%.

Trump conveyed the ceasefire news via a post on Truth Social, stating, "THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!" He later reiterated, "ISRAEL is not going to attack Iran," assuring that the ceasefire remained in place.

In a more colorful statement, the former President added, "All planes will turn around and head home, while doing a friendly "Plane Wave" to Iran. Nobody will be hurt, the Ceasefire is in effect!"

Oil prices also reacted positively to the news, with Brent crude futures and West Texas Intermediate futures both down by more than 3%, as concerns over potential oil supply disruptions eased.

JPMorgan traders commented on the market sentiment, stating, "With Israel/Iran seemingly defused, the market is resuming its march to/through all-time highs. With this geopolitical risk behind us, the Market is refocusing on the macro picture, preparing for earnings, and watching the looming deadline on the expiration of the tariff moratorium."

However, it's important to note that the situation remains fluid. While a ceasefire is in effect, there have been reports of violations from both sides. Trump later acknowledged these alleged violations.

These positive movements in stock futures follow Monday's strong market performance, which was partly fueled by Qatar's Defense Ministry's announcement that its air defense systems had intercepted Iran's retaliatory strike on a U.S. military base.

Falling oil prices also contributed to Monday's market gains. WTI futures, which had reached their highest levels since January, eventually settled down by more than 7%.

Looking ahead, traders will be closely monitoring Federal Reserve Chairman Jerome Powell's testimony before the House Financial Services Committee on Tuesday, where he will present the central bank's monetary policy report. He is also scheduled to appear before the Senate Banking Committee on Wednesday.

Powell's Capitol Hill appearance comes at a critical juncture, as he faces pressure from the White House to cut interest rates. In recent days, some Fed officials have suggested that a case could be made for easing policy as early as July.

In conclusion, the market's initial reaction to the announced ceasefire is overwhelmingly positive. While vigilance is still required given the fragile nature of the agreement, the prevailing sentiment is one of cautious optimism, allowing investors to refocus on economic fundamentals and upcoming earnings reports. The coming days will be crucial in determining whether this positive momentum can be sustained.

Tags: Stock futures, Israel Iran, Ceasefire, Trump, Middle East, Oil prices, Dow Jones, S&P 500, Nasdaq, Market

Source: https://www.cnbc.com/2025/06/23/stock-market-today-live-updates.html