Stocks Rebound as US Central Command Ends Iran Strike Campaign Four Hours After Launch

Global equities rebounded and oil slipped after US Central Command declared an end to its latest round of "self-defense strikes" against Iran roughly four hours after launching attacks on multiple targets, according to Bloomberg. S&P 500 futures recovered 0.7% from a five-week low; Nasdaq 100 contracts climbed 1.2%; Brent crude reversed earlier gains to fall 0.9% to $92.23 a barrel. Traders took reassurance from the swift conclusion of strikes, interpreting it as a sign neither Washington nor Tehran wants a full return to hostilities, even as Trump warned on Fox News the US would resume bombing "very hard" if Iran's leaders refuse to sign an interim peace deal. Iran's foreign ministry reiterated that the US strikes render the existing ceasefire "meaningless." Treasury yields slipped two basis points to 4.53% on the 10-year; the dollar was little changed. The ECB is expected to raise interest rates Thursday for the first time since 2023, citing war-driven inflationary pressure. SpaceX's $75 billion IPO — described by Bloomberg's Markets Live strategist as the largest listing in history — drew demand for more than four times available shares, with pricing due Thursday; analysts flagged the deal as a near-term liquidity drag on broader risk assets. Oracle fell in premarket after capital expenditures topped estimates; Super Micro sank on a $7 billion equity offering to fund AI server production. Gold rose 0.7% to $4,102.38 an ounce.