CNBC Daily Open: All eyes on Trump address as markets rise on ceasefire hopes
CNBC • • general
Key Points:
- U.S. markets opened the second quarter with gains as investor optimism grew over potential de-escalation in the Middle East, with the S&P 500, Nasdaq, and Dow Jones all rising on Wednesday.
- President Donald Trump is expected to address the nation regarding Iran ceasefire talks and U.S. military involvement, following his claim that Iran requested a ceasefire, which Tehran has denied.
- Despite signals of interest in a ceasefire, military actions continue, including a U.S. airstrike on Isfahan and threats from Iran's Revolutionary Guard against U.S. tech companies operating in the Middle East.
- Elon Musk's SpaceX, which owns AI company xAI, confidentially filed for an IPO, coinciding with OpenAI's record-breaking funding round, while NASA launched its first crewed lunar mission in 50 years.
- The Supreme Court heard arguments on President Trump's executive order challenging birthright citizenship, with Trump attending the session and later criticizing the policy as "stupid" on social media.
