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Traders enactment astatine the New York Stock Exchange connected June 23, 2025.
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Stock futures roseate connected Monday nighttime aft President Donald Trump said that determination is simply a ceasefire timeline for Israel and Iran.
Futures tied to the Dow Jones Industrial Average added 134 points, oregon 0.3%. S&P 500 futures gained 0.4%, portion Nasdaq 100 futures roseate 0.6%. Stock futures took a limb higher aft President Donald Trump announced connected Truth Social a ceasefire timeline that helium said would extremity the struggle betwixt Iran and Israel.
The 3 large averages roseate successful the regular league arsenic investors appeared to look past Iran's retaliatory strike connected a U.S. subject basal successful Qatar. Qatar's Defense Ministry said that its aerial defence had intercepted the attack. The Dow roseate astir 375 points, portion the S&P 500 added 0.96%. The Nasdaq Composite gained 0.94%.
No casualties were reported from Monday's incident. This onslaught was successful retaliation for the United States striking atomic improvement facilities successful Iran connected Saturday.
Meanwhile, lipid prices fell connected Monday, which provided a tailwind to stocks. After hitting their highest levels since January overnight, West Texas Intermediate futures fell much than 7%.
"We astir apt built arsenic overmuch arsenic a $15 to $20 per tube premium successful lipid implicit the past week versus wherever we were trading pre-Israel, Iran. And we're present successful the process of eliminating that," said Veriten's Arjun Murti connected CNBC's "Closing Bell: Overtime" connected Monday. "I deliberation the marketplace is saying, 'Hey, it looks similar the worst of this turmoil is down us.' If we are connected way to debar a bigger war, that is unquestionably bully news."
On Tuesday morning, traders volition ticker Federal Reserve Chairman Jerome Powell arsenic he speaks earlier the House Financial Services Committee and presents the cardinal bank's monetary argumentation report. The cardinal slope main volition spell earlier the Senate Banking Committee connected Wednesday.
Powell's quality connected Capitol Hill comes astatine a pivotal time: He is facing an assertive push from the White House to chopped rates — and successful caller days two Fed officials person said they could spot a lawsuit for dialing backmost argumentation as aboriginal arsenic July.
On the economical merchandise front, traders volition besides ticker retired for location terms information and June's user assurance reading.
—CNBC's Jeff Cox contributed reporting.
Energy was the lone assemblage to extremity Monday negative
The vigor assemblage fell 2.51% connected Monday, making it the lone 1 to extremity the league negative. Oil prices fell arsenic investors appeared to look past a retaliatory strike from Iran connected a U.S. subject basal successful Qatar.
All of the 10 different sectors roseate connected Monday, led by user discretionary, which added 1.75%.
The user discretionary, energy, materials and wellness attraction sectors each stay much than 10% disconnected their 52-week highs.
— Christopher Hayes, Lisa Kailai Han
Stock futures emergence aft Trump announces ceasefire timeline betwixt Israel and Iran
Stock futures took a limb higher aft President Donald Trump took to societal media to announce a ceasefire timeline helium said volition statesman astir midnight Tuesday and extremity the warfare betwixt Israel and Iran.
"It has been afloat agreed by and betwixt Israel and Iran that determination volition beryllium a Complete and Total CEASEFIRE (in astir 6 hours from now, erstwhile Israel and Iran person coiled down and completed their successful progress, last missions!), for 12 hours, astatine which constituent the War volition beryllium considered, ENDED!" the president wrote successful a Truth Social post. "On the presumption that everything works arsenic it should, which it will, I would similar to congratulate some Countries, Israel and Iran, connected having the Stamina, Courage, and Intelligence to end, what should beryllium called, 'THE 12 DAY WAR.'"
Representatives for Israel and Iran did not instantly look to corroborate the agreement.
Prior to Trump's announcement, banal futures had been trading astir the flatline.
— Kevin Breuninger, Lisa Kailai Han
Stocks making the biggest moves aft the bell: KB Home, Chewy
These are the stocks moving the astir successful extended-hours trading:
- KB Home — The homebuilding banal slipped 2% aft KB Home lowered its full-year lodging revenues guidance to the scope of betwixt $6.3 cardinal to $6.5 billion. Previously, the institution had predicted a scope of betwixt $6.6 cardinal to $7 billion. Shares fell contempt KB Home posting a second-quarter net and gross beat.
- Chewy — Shares fell 3% aft the favored nutrient and products retailer announced an underwritten nationalist offering of $1 cardinal of its Class A communal banal done JPMorgan. Concurrently, Chewy besides agreed to a $100 cardinal stock repurchase program.
— Lisa Kailai Han
Stock futures are small changed
Stock futures traded adjacent level Monday night.
Futures tied to each 3 large averages were trading astir the flatline soon aft 6 p.m. ET.
— Lisa Kailai Han
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