US equity futures were deeply negative in the pre-market but spiked higher after Trump posted that he had postponed attacks on energy infrastructure for five days amid peace negotiations. The enthusiasm was tempered after Iran denied talks and the rest of the day was a non-stop series of conflicting headlines about the likelihood of a peace deal.
In general, the day ended with cautious optimism and stocks solid higher though well off the highs of the day.
- S&P 500 +1.1%
- Nasdaq +1.4%
- Russell 2000 +2.3%
- Toronto TSX Comp +1.8%
- DJIA +1.4%
The candle on the S&P 500 isn’t the most-attractive one but we will see what tomorrow brings.
SPX daily chart
