U.S. stock futures jumped on Sunday, continuing a bullish mood from late last week, as President Donald Trump balked at a major attack on Iran.
Futures tied to the Dow Jones industrial average surged 189 points, or 0.36%. S&P 500 futures jumped 0.41%, and Nasdaq futures shot up 0.89%.
South Korea’s Kospi index, which has been a bellwether for global stocks lately, soared 18% on Friday, marking its biggest single-day jump on record.
That could signal Korean investors are dipping their toes back in the water, following a brutal selloff last month that prompted authorities to rein in the massive leverage that fueled wild swings earlier.
Meanwhile, U.S. oil prices tumbled 4.5% to $80.85 a barrel, and Brent crude dived 4.6% to $83.90 on hopes for a deal that will reopen the Strait of Hormuz. The U.S. 10-year Treasury yield fell 2.7 basis points to 4.718%.
