Dow Jones futures rise on reports of US-Iran ceasefire extension

Finance

Dow Jones futures rise on reports of US-Iran ceasefire extension

Dow Jones futures climb 0.09% to near 50,790, while S&P 500 futures rise 0.14% toward 7,600. Meanwhile, Nasdaq 100 futures gain 0.13%, trading near 30,350 during the European hours on Friday, ahead of the US regular opening.

US stock futures are stronger as market sentiment improves after reports of a preliminary 60-day ceasefire extension between the United States (US) and Iran, which raised prospects for unrestricted shipping through the critical Strait of Hormuz. The peace agreement would require Iran to clear all maritime mines from the strategic waterway within 30 days.

Traders maintain a degree of caution following a CNN report indicating that US President Donald Trump has yet to officially approve the terms. This hesitation was echoed by Vice President JD Vance, who noted that while the parties are close to a deal, Washington is “not there yet,” while concurrently reminding markets that the US remains positioned to substantially set back Tehrans nuclear program if necessary.

Driven by a renewed wave of artificial intelligence optimism, trader sentiment received a massive boost in after-hours trading. The enthusiasm was sparked by Dell Technologies, which surged over 39% in extended sessions on the back of a robust sales outlook fueled by global data center expansion.

On Thursdays US regular session, Wall Street posted gains with major indexes reaching fresh record highs overnight; the Nasdaq 100 and S&P 500 advanced 0.91% and 0.58%, respectively, while the Dow Jones edged up 0.05%. Market gains were driven primarily by the health care, technology, and consumer discretionary sectors.