SPDR S&P 500 ETF Climbs 0.7% on Proposed U.S.-Iran Ceasefire Plan
SPDR S&P 500 ETF Trust rose 0.7% in after-hours trading after Steve Witkoff and Jared Kushner unveiled plans for a month-long U.S.-Iran ceasefire featuring a 15-point proposal including full IAEA access and enriched uranium handover. Invesco QQQ Trust gained 0.8%, State Street Dow Jones ETF added 0.6%, gold futures jumped 1.5% and Brent oil fell 0.6%.
1. Market Reaction
Following news of ceasefire negotiations, SPDR S&P 500 ETF Trust rose 0.7% in after-hours trading. Invesco QQQ Trust gained 0.8% and State Street Dow Jones Industrial ETF added 0.6%, while gold futures jumped 1.5% and Brent crude dipped 0.6%.
2. Ceasefire Negotiations
Steve Witkoff and Jared Kushner are structuring a one-month halt in U.S.-Iran hostilities. They aim to replicate elements of previous Gaza and Lebanon agreements through a 15-point framework.
3. 15-Point Plan Provisions
The proposal includes granting the International Atomic Energy Agency full access to all data and the transfer of enriched uranium. It also addresses Iran’s ballistic missile and nuclear programs and discusses maritime routes.
4. Pakistan’s Intermediary Role
Pakistan’s army chief, Field Marshal Syed Asim Munir, is acting as the primary intermediary, engaging Iran’s parliamentary speaker on hosting talks. It remains uncertain whether Iran’s leadership or Israel will formally endorse the proposal.