US Futures Extend Record High
2026-04-24 11:24
By
Andre Joaquim
1 min. read
Futures tracking US stocks were mostly higher on Friday as a batch of strong earnings reports offset the lack of progress in a US agreement with Iran.
Contracts for the S&P 500 and Nasdaq rose 0.5% and 1.2%, respectively, for new record highs, while the Dow was flat.
The US and Iran maintained their blockade in the Strait of Hormuz and the lack of constructive dialogue erased concerns of an incoming agreement, sustaining a surge in energy prices this week.
Still, strong earnings were enough to lift equity indices, particularly in the speculative-heavy AI sector.
Intel surged 25% pre-market after posting strong results and sharply beating sales for profits this year.
Combined with strong results for Germany's SAP, Intel's move was yet another signal for AI companies to lift Microsoft, Oracle, and Palantir by over 1%.
Meanwhile, P&G added more than 3% after topping sales forecasts and reiterating its full-year forecast.