Stock market today: Dow, S&P 500, Nasdaq futures edge higher as hopes for an Iran deal grow

Washington and Tehran are considering further negotiations to widen their existent two-week ceasefire, adjacent with the US naval blockade connected Iran’s vigor ports present successful place. Trump said connected Monday that “the close people” — interpreted arsenic Iran — person reached retired “to enactment retired a deal.”

Optimism that the April 7 truce tin beryllium re-upped earlier it expires adjacent week person added to already increasing hopes for longer-lasting bid deal, which connected Monday helped the S&P 500 (^GSPC) efficaciously hitch retired losses accumulated since the commencement of the conflict.

Against that backdrop, lipid prices dropped backmost beneath $100 a barrel, but with investors watching for signs of postulation done the Strait of Hormuz. West Texas Intermediate (CL=F) crude fell 2.5% to commercialized beneath $97 per barrel, portion Brent (BZ=F) crude shed 1 % to astir $98.

Looking ahead, attraction turns to net season. Major banks including Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), JPMorgan Chase (JPM), and Morgan Stanley (MS) each study this week, offering cardinal penetration into the wellness of the fiscal sector.

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