Full Market Coverage HereMarket Indexes Rally on Geopolitical Relief
U.S. stock futures are pointing to a strong open on Tuesday, June 24, 2025, as markets today react positively to the ceasefire agreement between Israel and Iran. As of 7:30 AM Eastern Time, Dow Jones futures are up approximately 400 points, while S&P 500 futures have gained 58 points and Nasdaq futures have climbed 275 points.
The upward momentum follows Monday’s solid performance, when the Dow Jones Industrial Average climbed 374.96 points, or 0.89%, to close at 42,581.78. The S&P 500 added 0.96% to reach 6,025.17, while the Nasdaq Composite rose 0.94% to 19,630.97.
“Geopolitical risks are undoubtedly elevated in the Middle East right now, but our view remains that the extreme asymmetry of the conflict, coupled with Tehran’s relative isolation and ample global oil supplies, will help keep the fallout contained,” noted Adam Crisafulli of Vital Knowledge in a Monday report.
Ceasefire Agreement Drives Premarket Movers
The stock market today is primarily responding to President Donald Trump’s announcement that Israel and Iran have agreed to a ceasefire. Israeli Prime Minister Benjamin Netanyahu confirmed that Israel has agreed to the truce after achieving its war goals in Iran. This development comes after escalating tensions that saw Iran launch a missile strike against a U.S. military installation near Doha, Qatar, in retaliation for U.S. strikes on Iranian nuclear sites over the weekend.
The ceasefire announcement has significantly impacted premarket movers, particularly in the energy sector. Oil prices have plummeted, with Brent crude falling over 8% on Monday and dropping an additional 5% this morning, pushing prices below $70 per barrel after testing $81 per barrel overnight.
Energy stocks are among the biggest losers in the market news today, with companies like Halliburton down 6.65%, Murphy Oil falling 6.10%, and Schlumberger declining 5.78% in post-market trading on Monday.
Tesla Leads Technology Sector Gains
While energy stocks face pressure, technology shares are showing strength in the stock market live updates. Tesla (TSLA) was Monday’s standout performer, surging 8.33% after the electric vehicle maker debuted its long-awaited Model Y robotaxi over the weekend to a limited group of testers in Austin, Texas.
CEO Elon Musk called the launch “successful” in a post on his social media network X, though regulators said they would look into a few incidents. The robotaxi demonstration has reinvigorated investor enthusiasm for Tesla’s autonomous driving technology, which has faced numerous delays in recent years.
Other top gainers in Monday’s session included Arista Networks, which rose 6.69%, and Owens-Illinois, which added 6.53%.
Global Markets Respond Positively
The positive sentiment in U.S. markets today is echoed across global exchanges. Asian markets showed strong performance, with the MSCI Asia Pacific Index advancing as much as 1.8%, the most since May 2. South Korea’s Kospi index jumped nearly 3%, leading regional gains and extending its outperformance relative to Asian peers this year.
Japanese equities also rose, with the Topix Index gaining ground as Sony Group contributed significantly, increasing 2.7%. European markets are similarly expected to open higher as the ceasefire reduces global risk factors.
Key Economic Events and Earnings to Watch
As geopolitical tensions ease, investor focus is shifting back to economic fundamentals. Federal Reserve Chairman Jerome Powell’s testimony before Congress begins today and will be closely watched for hints about monetary policy direction, particularly regarding potential interest rate cuts.
The economic calendar for Tuesday includes the Conference Board’s Consumer Confidence report for June and the S&P/Case-Shiller Home Price Index for April. The U.S. Current Account data for Q1 will also be released, providing insights into the nation’s international transactions.
On the earnings front, while no major releases are scheduled specifically for Tuesday, investors are positioning ahead of several significant reports expected later this week.
Market Outlook Amid Shifting Dynamics
With the July 9 deadline for potential new tariffs drawing closer, market news today reflects a complex interplay of geopolitical developments and economic considerations. The ceasefire in the Middle East has temporarily alleviated one source of market uncertainty, but tariff concerns continue to loom over global trade.
“The rally in Asian shares shows a swift shift in sentiment after heightened tensions in the Middle East turned markets jittery over the past few sessions. It also marks an immediate rotation back into growth stocks and away from sectors such as oil and defense that had rallied in recent days,” noted market analysts.
As the stock market live trading day unfolds, investors will be watching for confirmation that the ceasefire holds and assessing whether the positive momentum can be sustained. With 26 of 30 Dow Jones components advancing in Monday’s session, market breadth appears strong, suggesting broad-based investor confidence.
For now, the premarket movers indicate that Tuesday’s session will likely continue Monday’s upward trajectory, as investors embrace reduced geopolitical risk and return their focus to economic fundamentals and corporate performance.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.