The S&P 500 Index ($SPX) (SPY) is up by +0.38% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.69%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.09%. E-mini S&P futures (ESU26) are up +0.37%, and September E-mini Nasdaq futures (NQU26) are up +0.08%.
Stock indices are finding support today as crude oil prices stabilize, temporarily easing inflation concerns. Crude oil prices are consolidating below Thursday’s 1-month high today on comments from Iranian President Masoud Pezeshkian, who said it would be better to end the war with dignity. Markets await Monday’s press conference, when US Treasury Secretary Bessent said the administration would give details on plans to isolate Iran’s economy.
