US Futures Climb as Iran Deal Counters Hawkish Fed: Markets Wrap

S&P Futures Climb as US-Iran Deal Takes Effect: Markets Wrap

Trump signs interim Iran deal, reopening Strait of Hormuz; oil plunges below $79, S&P +0.8%, energy risk premia ease. Lower capex costs for IT infrastructure offset by 50% of Fed officials now projecting rate hikes—raising capital costs for cloud and data center expansion.