S&P 500 Index Perpetual Futures Reach Record High on May 24
S&P 500 Index perpetual futures on Hyperliquid rose to an all-time high of $7,610 on May 24 before easing to $7,540. The move followed President Donald Trump's statement that a deal to reopen the Strait of Hormuz was near.
manilatimes.netS&P 500 Index perpetual futures traded on Hyperliquid reached an all-time high of $7,610 on May 24 before retreating to $7,540. The price increase occurred after President Donald Trump said a deal to reopen the Strait of Hormuz was near.
Brent crude oil perpetual futures declined after the announcement. Investors responded to the possibility of extended access through the waterway.
Trump did not release details of the agreement. He stated on Sunday that he was in no rush to announce the deal and that further information could come later this week. He remained in Washington instead of attending his son's wedding. Gulf allies including Qatar, Saudi Arabia, and the United Arab Emirates had urged additional talks before any military steps.
Key Facts
Story Timeline
3 events- May 24, 2026
S&P 500 Index perpetual futures on Hyperliquid hit an all-time high of $7,610.
1 sourceBenzinga - May 24, 2026
Futures eased to $7,540 after some Republicans criticized the reported deal.
1 sourceBenzinga - May 23-24, 2026
President Donald Trump stated a deal to reopen the Strait of Hormuz was near.
1 sourceBenzinga
Potential Impact
- 01
Oil futures may remain sensitive to any further statements on the waterway agreement.
- 02
Equity index futures could move on additional details released later this week.
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