By Caitlin McCabe
U.S. stocks are set to close out a blockbuster quarter with fresh momentum.
Futures are rising this morning, putting major indexes on pace for their best quarterly gains in years. The S&P 500 is up 14% through yesterday, and the Nasdaq has jumped 20%--the biggest quarterly rallies for both since the second quarter of 2020.
Those gains have come amid a remarkably volatile quarter, including as recently as last week, when tech stocks sold off. Investors have returned to the trade again this week, with tech shares doing much of the heavy lifting again premarket.
Meanwhile, investors are monitoring for updates out of the Middle East, after President Trump said yesterday that the U.S. will meet with Iran today in Qatar. An Iranian official said yesterday that Tehran hadn't decided on the timing of the discussions. Oil prices are muted ahead of the expected talks.
Traders are also eyeing the Japanese yen, which has been hovering near a forty-year low. Money managers remain on high alert for currency intervention after Japan's finance minister said today that officials will take appropriate action as needed.
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