Wall St. futures advance over 1% as markets cheer Iran deal

Wall Street futures surged over 1% after a framework deal between the U.S. and Iran eased geopolitical tensions, sending crude oil prices tumbling more than 4% to their lowest since March. The Federal Reserve is expected to keep interest rates unchanged at its upcoming meeting, though traders still price in at least 25 bps of hikes by year-end. Separately, SpaceX debuted on Nasdaq at $160.95 versus its $135 IPO price, with shares rising 6% in premarket, while Paramount Skydance gained 5.8% after the U.S. DOJ cleared its Warner Bros acquisition.