Wall Street Futures Climb as Trump Declares Ceasefire; Tesla Jumps on Robotaxi Launch
U.S. stock futures made gains Monday night following President Donald Trump’s declaration of a ceasefire between Israel and Iran, potentially ending what he defined as the 12-Day War. Positive investor sentiment was further enhanced by dovish comments from Federal Reserve Governor Michelle Bowman, indicating a more accommodating approach to interest rates.
Futures Overview (as of 00:10 GMT):
- S&P 500 Futures: +0.6% to 6,110.20
- Nasdaq 100 Futures: +0.8% to 22,238.75
- Dow Jones Futures: +0.4% to 43,081.0
These increases were driven by reduced geopolitical tensions and favorable monetary policy signals after days of market volatility resulting from Middle East conflict and tariff concerns.
Tesla Leads the Charge
Tesla (NASDAQ:TSLA) surged by over 8% after officially launching its robotaxi service in Austin, Texas, marking a major step forward in its autonomous vehicle initiative.
Geopolitical Easing:
- Trump’s ceasefire announcement entails a multi-step process beginning with a 12-hour halt initiated by Iran, followed by a reciprocation from Israel.
- Iran’s missile retaliation on a U.S. base in Qatar was downplayed by Trump as a “very weak” response.
- U.S. military bases in the region remain on alert.
Looking Ahead:
Investors are keenly watching:
- Fed Chair Jerome Powell’s upcoming testimony before Congress
- New PMI data for insights into U.S. business activity
- Potential developments from Israel and Iran regarding the ceasefire