On Tuesday, major US stock indexes closed sharply higher, with the S&P 500 rising 2.91%, the Dow Jones Industrial Average gaining 2.49%, and the Nasdaq 100 increasing 3.43%. This surge follows reports that President Trump is considering ending military operations in Iran, potentially easing geopolitical tensions. The June E-mini S&P futures rose 2.88%, while June E-mini Nasdaq futures jumped 3.42%.
Amid these developments, crude oil prices fell, and the 10-year Treasury note yield dropped to a one-week low of 4.28%, reflecting investor optimism about the end of hostilities, which could relieve inflation concerns. The Consumer Confidence Index in March unexpectedly rose to 91.8, while the Chicago PMI fell to 52.8, indicating mixed economic signals.
Internationally, the Eurozone’s March CPI increased by 2.5% year-over-year, and China’s manufacturing PMI rose to 50.4, both highlighting continued economic activity. In the markets, stocks like Meta Platforms and Nvidia saw gains exceeding 5% as investor sentiment improved.
