Today in the equities market, S&P 500 futures opened the session lower, dropping 1% shortly after the open before staging a massive reversal. The rally was sparked by reports of progress in peace talks between the U.S. and Iran, which also sent oil prices and Treasury yields lower. The turnaround pushed E-mini S&P futures to 6,900—a level not seen since March 5th—allowing the market to close up over 0.5%. Volatility performed as expected, initially spiking during the morning sell-off before closing lower on the session due to its inverse relationship with the underlying indices. Looking ahead, the market prepares for Tuesday's ADP employment change and PPI data, alongside the kickoff of first-quarter bank earnings this week.