Risk-On Open: Iran Ceasefire + Early Jobs Day Drive Pre-Market Bid
US-Iran ceasefire and Strait of Hormuz reopening lifted S&P 500 futures +0.8% overnight. The 10-year yield eased to ~4.47% as Fed Chair Warsh flagged softening inflation. All eyes on June Nonfarm Payrolls — released this morning, moved a day early ahead of the July 4 holiday.