[BRIEFING.COM] The S&P 500 (+2.7%), Nasdaq Composite (+3.6%), and DJIA (+2.3%) continue to chart new session highs as the market enters the final hour of the session.
So far, optimism around a potential end to the conflict in Iran has held through the early afternoon hours. Axios reported that Pakistan, which is acting as a mediator between the U.S. and Iran, along with China have proposed a ceasefire and the reopening of the Strait of Hormuz as an initiative to end the conflict.
On a related note, crude oil futures settled today's session $1.77 lower (-1.7%) at $101.15 per barrel.