A short and concise tweet by Trump himself: “NEW STOCK MARKET RECORD!”
The Dow certainly looks up for it with futures pointing up by 0.3% and yesterday’s close being 0.4% lower than the record high set in February. As for the S&P 500 and Nasdaq, there is more work to do even if futures are pointing up by 0.2% for both at the moment.
But considering Trump’s optimism above, is he hinting at some news that is to come? An imminent announcement of a framework agreement between the US and Iran before the weekend perhaps?
Well, that will certainly get markets running to close out the week in good stead – even if the optimism might not lead to an actual deal in the end.
As a reminder, both the US and Iran are working towards a framework agreement so that they can begin negotiating on nuclear details. The latter is still the major sticking point that is preventing both sides from striking a full deal currently.
