S&P 500 Futures Hit Record High on Reports of Second U.S.-Iran Peace Talks
The move put futures more than 12% above the March 30 low, while the source described the rally as a sharp short-covering move.
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Terms & Concepts
- S&P 500 futures: Derivatives contracts tied to the S&P 500 index, used to track or hedge expected moves in U.S. equities before the stock market opens.
- Short squeeze: A rapid price rise that forces traders betting on declines to buy back positions, adding further upward pressure.