S&P 500

Key insight

⚡ FAST-MOVING ALERT: Tuesday's session saw the S&P 500 trade up to ~7,736 intraday (per CNBC/Bloomberg), well above the IG broker feed showing 7,433 — this gap suggests the IG price reflects an earlier off-hours or pre-market snapshot; the true session price is materially higher and approaching the June 2 all-time high near 7,800.

The S&P 500 is in its fourth consecutive day of gains and pushing against the June all-time closing record near 7,800, driven by Iran de-escalation, collapsing oil prices, and a blowout Palantir earnings beat that is reigniting AI-sector confidence.

Main risk

Iran Strait of Hormuz deal collapse / renewed US strike threat

If diplomatic talks to reopen the Strait of Hormuz break down and the US resumes airstrike planning, oil would spike sharply back above $80 and the current sentiment-driven rally would reverse hard from resistance near the 7,800 all-time high.