The S&P 500 rallied on Monday as easing geopolitical tensions and a rebound in semiconductor stocks boosted risk appetite, with Polymarket traders cautiously betting the momentum will continue into Tuesday's opening bell.
The S&P 500 gained 1.18% to close at 7,440.43.
Polymarket's June 30 contract now implies a 61% probability that the benchmark index will open higher on Tuesday, although betting has remained volatile throughout the session.
Why That Number Matters Monday's rally reflected improving investor confidence after the U.S. and Iran agreed to halt hostilities and allow commercial vessels to move freely through the Strait of Hormuz, easing concerns over energy supply disruptions.
The Dow Jones Industrial Average. closed above the 52,000 level for the first time, while semiconductor stocks staged a sharp rebound.
