US Stock Market Move | U.S. large bank stocks rose. Morgan Stanley (MS.US) rose more than 2.6%.

On Wednesday, the stocks of large US banks rose, with Morgan Stanley (MS.US) up more than 2.6%, Goldman Sachs Group, Inc. (GS.US) up more than 2.4%, and Citigroup (C.US) up more than 1.8% at the time of writing. On the news front, investors are waiting for the Federal Reserves first policy decisions under the leadership of the new chairman, Kevin Wash, and are also paying attention to more details of the US-Iran peace agreement. Sources revealed that the US, Iran, and mediators are discussing the possibility of moving up the scheduled signing ceremony of the memorandum of understanding, originally set for Friday, to as early as Wednesday. If this arrangement goes through, the memorandum of understanding will be signed electronically, and the terms regarding the Strait of Hormuz will take effect, allowing the US to finally publish the text of the agreement. Sources say that the discussion of an earlier signing is mainly to allow the Strait of Hormuz to reopen sooner than Friday, as both sides have reached an agreement on this issue. Another factor may be the political pressure facing the White House to announce the text of the memorandum. Sources say that even if the signing time changes, the two delegations will still hold their meeting in Switzerland on Friday as planned. It is expected that the two sides will discuss initiating negotiations regarding Iran's nuclear program. A senior US government official had previously stated that the agreement was electronically signed by Trump, Wanis, and Kalibaf last Sunday. However, diplomatic sources have stated that such a signing did not take place. Another source familiar with the matter stated that the electronic signature has indeed been completed, and the next step will be a "second signing". It is currently unclear why a second signing is necessary.