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Markets Rally on Iran Peace Hopes and SpaceX's Historic IPO

Global markets were broadly higher on Friday as two big stories dominated trading: growing optimism that the United States and Iran are close to a peace deal, and the long-awaited Nasdaq debut of SpaceX — the largest initial public offering in history. Oil prices fell sharply on the geopolitical news, which helped ease inflation fears and gave stocks an additional lift heading into the weekend. 🇨🇦 Canada — TSX The S&P/TSX Composite Index is trading higher Friday, building on Thursday's recovery after a volatile stretch tied to Middle East tensions. The TSX shed roughly 0.8% on Wednesday, touching a three-week low near 34,151, as U.S.–Iran hostilities escalated and the Bank of Canada held its key rate steady at 2.25% — as widely expected. Thursday's session reversed some of those losses as Trump called off a planned strike and signalled a deal was within reach, pushing TSX futures higher. Energy stocks remain in focus: with oil now retreating, Canadian producers like Cenov...
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Stock Market Today: Dow, S&P 500, Nasdaq Futures Signal Rebound from Fed-Fueled Rout

                                          

U.S. stock futures indicated a rebound Thursday morning following a significant sell-off triggered by the Federal Reserve's latest interest rate decision. Futures tied to the S&P 500 rose by 0.5%, while those for the tech-heavy Nasdaq climbed 0.6%. The Dow Jones Industrial Average futures also saw a 0.5% increase.

The Federal Reserve's decision to scale back the number of anticipated rate cuts next year to two, coupled with Chair Jerome Powell's cautious remarks, led markets to interpret the move as a "hawkish cut," resulting in steep declines for the S&P 500 and Nasdaq. The Dow, meanwhile, is experiencing its longest losing streak in 50 years.

Despite the recent downturn, the Dow remains up over 12% for the year. On the economic front, the third estimate for third-quarter U.S. GDP showed a growth rate of 3.1%, surpassing earlier estimates. Additionally, weekly unemployment claims fell to 220,000, down from 242,000 the previous week.

Investors are now closely watching the market's response to these developments, hoping for a rebound in the coming days.




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