Commodities
US Stocks Surge on Easing US-Iran Tensions
US stock market futures surged on Monday as investors reacted to the easing of US-Iran tensions, which led to a decline in oil prices. The S&P 500 and Nasdaq futures jumped up to 1.7% as investor risk appetite improved.
The Dow Jones Industrial Average futures climbed 550 points, or 1.1%, while S&P 500 futures gained 1%. Nasdaq-100 futures outperformed, rising 1.7%.
Crude oil prices tumbled, with international benchmark Brent crude futures falling as much as 12.5% to an intraday low of $84.65 a barrel, their lowest level since July 17.