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Stocks jump as Trump postpones strikes on Iranian energy infrastructure

A heat map of the S&P 500 was bright green on news of a potential ceasefire on energy asset strikes.

Tasha Matsumoto

Stocks got a boost after President Trump posted on Truth Social that he would postpone any strikes on Iranian energy infrastructure “for a five day period,” citing “very good and productive conversations” with Iran over the past two days, though Iran’s foreign ministry denied any such negotiations with the US.

News of the potential ceasefire sent crude oil down sharply. Every sector traded higher, with consumer discretionary advancing the most.

Bitcoin also jumped following Trump’s comments, as did ethereum, but traders remain unconvinced that ethereum’s price can break $2,500 in March, per prediction markets. (Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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