Stocks gapped higher today after U.S. President Trump said that strikes on Iran’s power infrastructure will be postponed and that negotiations between the two countries have taken place. Iran subsequently denied that notion.

War and oil have the spotlight almost to themselves as the week ahead features little in the way of major data or earnings news. The S&P 500 hit six-month lows Friday.

Crude oil futures prices remain elevated, as energy traders remain on edge as energy supplies out of the Middle East remain in flux.

Major indexes surged early after President Trump said he's postponing threatened strikes on Iran's power infrastructure, and the two countries have had talks. Iran denied the news.

Major indices are on track for the fourth straight week of losses, and are now technically oversold, as the U.S./Iran conflict continues to dominate market psychology.

Liz Ann and Collin examine how geopolitical tensions, rising energy prices, and shifting inflation expectations are driving sharp rotations beneath the surface of equity markets.

Investors' eyes are still locked on the Middle East conflict as surging oil prices weigh on markets. FedEx, Alibaba, and Accenture earnings are on deck.

The federal funds rate will remain 3.5% to 3.75%. The 'dot plot' still projects a single rate cut this year, and the Fed sees slightly stronger economic growth and inflation.

The Fed is seen keeping rates paused at its meeting today, but investors await key economic and rate projections. PPI and crude are front and center early with inflation fears up.