On Monday, President Donald Trump announced a preliminary U.S.-Iran agreement aimed at ending months of conflict, though its final terms and long-term viability remain unresolved. The deal extends April’s fragile ceasefire and is expected to reopen the Strait of Hormuz, a critical global oil shipping route.
However, both nations stressed that a permanent peace accord has not yet been negotiated. Iranian President Masoud Pezeshkian called the memorandum an "important step" but noted a lasting truce "has yet to take shape."
Meanwhile, the 10-year Treasury bond yielded 4.45%, and the two-year bond was at 4.04%. The CME Group's FedWatch tool‘s projections show markets pricing a 98.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
0.08%
S&P 500
-0.03%
Nasdaq 100
0.08%
Russell 2000
0.20%
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 mixed in premarket on Tuesday. The SPY was down 0.10% at $754.04, while the QQQ advanced by 0.040% to $744.30.
Read Also:
Ed Yardeni Says He Hasn't 'Been Bullish Enough,' Predicts S&P 500 Will Hit 10,000 By 2029
Stocks In Focus
SpaceX
Space Exploration Technologies Corp. (NASDAQ:SPCX) jumped 8.42% in premarket on Tuesday ahead of its third trading day. Its market capitalization was nearing $3 trillion, surpassing the valuation of Amazon.com Inc. (NASDAQ:AMZN).
Dave And Buster's Entertainment
Dave and Buster's Entertainment Inc. (NASDAQ:PLAY) dropped 11.44% as it reported downbeat earnings for the first quarter after the closing bell on Monday.
Benzinga’s Edge Stock Rankings indicate that PLAY maintains a weak price trend in the long and medium terms but a strong trend in the short term, with a poor value score.
