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U.S. stock futures jumped on Sunday, continuing a bullish mood from late last week, as President Donald Trump balked at a major attack on Iran.
Futures tied to the Dow Jones industrial average surged 189 points, or 0.36%. S&P 500 futures jumped 0.41%, and Nasdaq futures shot up 0.89%.
South Korea’s Kospi index, which has been a bellwether for global stocks lately, soared 18% on Friday, marking its biggest single-day jump on record.
That could signal Korean investors are dipping their toes back in the water, following a brutal selloff last month that prompted authorities to rein in the massive leverage that fueled wild swings earlier.
Meanwhile, U.S. oil prices tumbled 4.5% to $80.85 a barrel, and Brent crude dived 4.6% to $83.90 on hopes for a deal that will reopen the Strait of Hormuz. The U.S. 10-year Treasury yield fell 2.7 basis points to 4.718%.
In what has become a familiar pattern in the Iran war, Trump again threatened a massive attack then pulled back from the brink late Saturday. But while he attributed his latest reversal to U.S. allies pleading with him to give diplomacy another chance, Read Entire Article
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