S&P 500 Index perpetual futures offered by Hyperliquid jumped to a record high today, May 24, as investors cheered the potential US-Iran ceasefire extension deal. It jumped to an all-time of $7,610, and then pulled back to $7,540 as some top Republicans blasted the deal.
S&P 500 Index Jumps as Trump Announces US-Iran Deal
The S&P 500 Index jumped, while WTI and Brent crude oil prices dipped in the perpetual futures market after President Donald Trump revealed that a deal to reopen the Strait of Hormuz was near.
Trump did not disclose details of the agreement. Instead, he promised to share more information soon. In a statement on Sunday, he said he was in no rush to announce the deal, meaning that the details may come later this week.
His announcement on Saturday came as most experts predicted that he would launch an attack this weekend. He missed his son's wedding and opted to stay in Washington.
