Good afternoon and welcome to Markets Desk, your midday read on what's moving markets and why.
Equities surged Thursday after President Trump declared the US-Iran agreement an unconditional surrender, telling Axios he structured the deal specifically to prevent the conflict from tipping the global economy into depression. The S&P five hundred closed up more than one percent, while the Nasdaq one hundred jumped two and a half percent as inflation risk premiums unwound sharply across the board.
Shifting to commodities, that same geopolitical relief weighed on agricultural markets heading into the long weekend. Soybeans retreated six and a half to nine and a quarter cents across the curve, with the national average cash price settling at ten dollars seventy one and a half cents. Traders appear to be squaring positions rather than carrying risk through the holiday.
Meanwhile, in the nuclear energy space, Oklo had a standout session after announcing a fuel supply agreement tied to a set of power facilities in Ohio. The deal gives the advanced reactor company a concrete revenue pathway, which is exactly what growth-stage energy names need to convert investor interest into conviction buying.
That's the tape. Markets Desk, signing off the floor.
