Key Points: Mediators involved in the Middle East conflict reportedly believe the U.S. and Iran are nearing an agreement that would revive a previously failed memorandum of understanding. have been working to clarify how shipping through the would operate under the proposed arrangement. NASDAQ index is now trading up 6.49 points or 0.04% at 24941, and is back above its 100 day moving average at 24755.38. The odds of a hike are now back below the 30% level after trading close to 40% over the last week or so. Despite the rebound there are still some AI related stocks which are down sharply on the day including SanDisk which is still down -13.42%.