U.S. Stock Market Developments

[Aron]

I-7
S&P 500 futures sheds 0.5% while Nasdaq-100 futures are down 1% after President Trump rejected Iran’s proposal for a ceasefire

Brent crude and West Texas Intermediate futures rose 1% to $105.86 and $93.20 per barrel, respectively.

Israel-Iran Conflict

I=7 President Trump rejects Iran’s proposal for a ceasefire, views renewed U.S. bombings after midterm elections as likely Iran offered to reopen the Strait of Hormuz and resume nuclear negotiations within seven days if the U.S. meets several conditions, including ending what Tehran describes as “acts of aggression.”