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S&P 500 and Nasdaq futures jump about 2% after US-Iran peace deal sends oil prices lower; SpaceX rises 5.5%

A peace deal between the United States and Iran fueled expectations of easing geopolitical risks, pushing international oil prices sharply lower. Nasdaq and S&P 500 futures extended premarket gains to about 2%. SpaceX shares rose 5.5% for the day. The surprise geopolitical shift weighed on energy-cost expectations and improved risk appetite for growth stocks.
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Geopolitics