Markets Jump on Hopes U.S. Involvement in Iran May Be Ending

U.S. stocks are higher after a new report offered investors hope that the U.S.-Iran war could soon come to an end. The Wall Street Journal reported that President Donald Trump had told aides he was willing to end military hostilities in the Middle East even if the Strait of Hormuz remained largely shut.

The gains come even as Oil prices are still above the $100 a barrel level after settling at its highest level since July of 2022 on Monday. Investor focus remains on headlines out of the Middle East along with Oil prices today.

Snapshot (as of 11 AM ET)

• Oil (/CL) – Oil prices are up 1.7% near $104.67 a barrel in volatile trading as traders assess President Donald Trump’s reported statements on ending the war in Iran. Trump told his aides that he was willing to end U.S. operations against Iran even if the Strait of Hormuz remained shut, as forcing Tehran to reopen the oil chokepoint could extend the conflict, The Wall Street Journal reported late Monday.
• Gold (/GC) – Gold futures are up 1.91% near $4,644, but the metal remained on course to notch its biggest monthly decline in almost 17 years.
• Bitcoin (/BTC) – The Crypto Future is up 0.93% near 67,295.
• VIX – The CBOE Volatility Index was down 1.4% on Monday and settled at 30.61 despite a slide in stocks. The VIX is down about 9.6% near 27.65 this morning as stocks are higher.
• U.S. Dollar (/DX) – The dollar has marginally reversed gains moved with the $DXY trading at 100.10.

Economic Data

• 9:00 AM ET: FHFA House Price Index, Case-Shiller HPI
• 10:00 AM ET: Consumer Confidence, JOLTS
• 12:00 PM ET: Fed’s Goolsbee Speaks
• 1:10 PM ET: Fed’s Schmid Speaks
• 3:00 PM ET: Fed’s Barr Speaks

Notable Earnings

• Premarket: BITF, FDS, MKC, SNX
• Postmarket: PLAY, NKE, PVH, RH, SPWH
• Premarket Tomorrow: CAG, LW, MSM, NG, TLRY, UNF
• Postmarket Tomorrow: N/A

Upgrades/Downgrades

• BofA upgrades Shake Shack (SHAK) to Neutral from Underperform
• Bernstein upgrades Western Digital (WDC) to Outperform from Market Perform
• Jefferies upgrades Emerson (EMR) to Buy from Hold
• TD Cowen downgrades Colgate-Palmolive (CL) to Hold from Buy
• BofA downgrades DocuSign (DOCU) to Underperform from Neutral

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