Stock index futures pared some gains on Monday as U.S. President Donald Trump said that a deal with Iran could be reached in five days or sooner, even as Iran refuted holding any talks with Washington.
Dow Jones Industrial Average futures (INDU) jumped 2.2%, S&P 500 futures (SPX) rose 1.9%, and Nasdaq 100 futures (US100:IND) gained 1.9%.
Trump posted on Truth Social that he has ordered a pause on all military strikes against Iranian power plants and energy infrastructure for a five-day period after two days of “very good” conversations with Iran.
Iran's foreign ministry, however, refuted the post and said there have been no talks with Washington.
Treasury yields fell across the curve. The 10-year Treasury yield (US10Y) slipped 8 basis points to 4.31%, while the 2-year yield (US2Y) dropped 7.6 basis points to 3.84%. The 30-year yield (US30Y) declined 4.7 basis points to 4.90%.
The Chicago Fed National Activity Index dipped in February.
