Holiday hangover, but make it bullish
US traders are coming back from the Memorial Day break to a market that already did a little victory lap elsewhere. Futures are pointing higher, with the Nasdaq up about 1% and the Dow and S&P 500 both looking up around 0.5% to 0.6%.
Why the mood swing?
The spark here is geopolitics: investors are cautiously leaning into signs of progress on a ceasefire deal involving the US, Israel, and Iran. Markets don’t exactly send thank-you notes for peace talks, but they do love fewer reasons to panic.
What you should care about
When the tape gets a little less terrifying, money tends to rotate back into riskier corners of the market — and tech usually gets first dibs on the party snack tray. If this détente vibe holds, you could see the broader market try to extend gains instead of just playing catch-up.
Big picture: one headline won’t erase all the usual market drama, but for now, traders are acting like the worst-case playlist got turned down a notch.