Investors were bullish on Sunday evening as the U.S. and Iran continued to halt their attacks on each other, providing space for negotiations that could reopen the Strait of Hormuz.
Meanwhile, Wall Street is also looking ahead to a busy week of tech earnings and the Federal Reserve’s policy meeting.
Futures tied to the Dow Jones industrial average surged 337 points, or 0.65%. S&P 500 futures jumped 0.80%, but Nasdaq futures shot up 1.28%.
South Korea’s Kospi index, which has been a bellwether for global stocks lately, climbed 74 points, or 1.1%, as chip heavyweights SK Hynix and Samsung reached new deals.
U.S. oil prices tumbled 5.44% to $84.45 a barrel, and Brent crude dived 5.25% to $91.70. Gold rose 1.15% to $4,118 per ounce.
