Stock market today: Dow, S&P 500, Nasdaq climb with focus on Iran deal, Fed hike path
The Dow, S&P 500, and Nasdaq are trading near record levels. Investors are monitoring a potential Iran deal and the Federal Reserve's rate hike path. Markets are awaiting the first rate decision under Kevin Warsh.
What changed
The S&P 500 and Nasdaq have recovered from previous slips to trade near record highs.
Live updates
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US Indices Trade Near Record Highs Ahead of Fed Decision
confidence 70%The Dow, S&P 500, and Nasdaq are trading near record levels. Investors are monitoring a potential Iran deal and the Federal Reserve's rate hike path. Markets are awaiting the first rate decision under Kevin Warsh.
Still unconfirmed:
- The Dow, S&P 500, and Nasdaq futures are climbing due to a focus on the Iran deal and Fed hike path.
- Wall Street is awaiting the first Federal Reserve rate decision under Kevin Warsh.
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Markets Mixed as Iran Deal Doubts Rise and Fed Decision Nears
confidence 70%The Dow reached a record high while the S&P 500 and Nasdaq slipped. Investors are weighing a potential US-Iran peace agreement against concerns over Federal Reserve rate hikes. Market sentiment remains volatile as doubts grow regarding the Iran deal.
What's confirmed:
- The Dow, S&P 500, and Nasdaq have experienced upward movement.
- Markets are reacting to a potential US-Iran peace agreement and Federal Reserve rate hike paths.
Still unconfirmed:
- The Dow hit a record high while the S&P 500 and Nasdaq slipped due to growing doubts over the Iran deal.
- US stock futures for the Nasdaq 100, S&P 500, and Dow Jones rose on Monday following a higher close on Friday.
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US Stocks Rise as Iran Peace Deal Offsets Hawkish Fed Signals
confidence 90%The Dow, S&P 500, and Nasdaq are climbing as optimism over a US-Iran peace agreement balances fears of Federal Reserve rate hikes. Markets are reacting to the potential reopening of the Strait of Hormuz and a framework for ending the war. Intel shares have seen gains amid this rally.
What's confirmed:
- The US and Iran electronically signed a 14-point Memorandum of Understanding on Wednesday to extend their ceasefire.
- Tanker traffic has resumed in the Strait of Hormuz following the peace deal.
- The Dow, S&P 500, and Nasdaq have all seen gains driven by the Iran agreement.
- Market participants are weighing the peace deal against signals that the Fed may lean toward a rate hike.
Still unconfirmed:
- The final signing of the peace agreement is expected to take place on June 19 in Switzerland.
- Gasoline prices have fallen below $4.
- The Dow hit a new record high.