US stock futures surged on news of US-Iran peace, as investors await this week's Federal Reserve meeting.

Wall Street futures rose across the board after Trump announced a deal to end the war with Iran and prepared to reopen the Strait of Hormuz. Investors are also watching the Federal Reserve meeting and key economic data this week.

June 15, 2569 at 07.12:XNUMX a.m., CNBC reported that U.S. stock market futures rose in late Sunday trading (U.S. time). The investment week opened with shorter working days after President Donald Trump announced that the United States and Iran had reached an agreement to end the war.

Dow Jones futures rose 342 points, or 0.7%, while S&P 500 futures climbed 0.9% and Nasdaq 100 futures jumped 1.4%, reflecting renewed investor confidence following easing of geopolitical risks.

Trump posted on social media on Sunday that the deal with Iran was complete, while Pakistani Prime Minister Shehbaz Sharif revealed that the formal signing ceremony would take place on June 19 in Switzerland.

In addition, Trump announced permission to reopen the Strait of Hormuz, a vital global oil shipping route, causing U.S. crude oil prices to fall nearly 5% on expectations that energy supply would return to normal.

The announcement comes amid weekend concerns over clashes between Israel and the Iranian-backed Hezbollah in Lebanon, creating uncertainty about whether a peace agreement can move forward.

All three major U.S. stock indices closed the previous week in positive territory, further boosted by the record-breaking IPO of SpaceX, whose share price surged more than 19% on its first day of trading, pushing the company's market capitalization past $2 trillion.

Ivan Schlossman, Partner at SuRo Capital. It was stated that the success of SpaceX's IPO is a positive sign of investor interest in the technology and innovation sectors and reflects the demand for investment in companies with high growth potential.

This week, investors will be watching key U.S. economic data, including housing and retail sales, as well as the outcome of the Federal Reserve's (Fed) monetary policy meeting. Data from CME FedWatch indicates that the market gives a greater than 98% probability that the Fed will keep interest rates unchanged.

The U.S. stock market will be closed on Friday in observance of the Juneteenth holiday, resulting in fewer trading days this week than usual.

refer : cnbc.com

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