US Futures Gain on Iran Deal Hopes

2026-05-06 00:14 By Jam Kaimo Samonte 1 min. read

US stock futures advanced on Wednesday as optimism grew that a deal with Tehran could be within reach, after Washington declared an end to offensive operations against Iran, reaffirmed the ceasefire, and temporarily halted efforts to assist stranded vessels in exiting the Strait of Hormuz.

Futures tied to the S&P 500 and Nasdaq 100 climbed 0.4% and 0.8%, respectively, while Dow futures edged up 0.2%.

In extended trading, Advanced Micro Devices surged more than 16% after posting stronger-than-expected first-quarter earnings and revenue, along with an upbeat outlook for the current quarter.

Super Micro Computer also jumped 18% following robust profit guidance, whereas Arista Networks slid nearly 12% after falling short of margin expectations.

Investors now turn to another batch of earnings due Wednesday, including reports from AppLovin, Walt Disney, Uber, CVS Health, and DoorDash.

Market participants will also monitor the release of ADP’s private payrolls report for April.



News Stream
US Futures Gain on Iran Deal Hopes
US stock futures advanced on Wednesday as optimism grew that a deal with Tehran could be within reach, after Washington declared an end to offensive operations against Iran, reaffirmed the ceasefire, and temporarily halted efforts to assist stranded vessels in exiting the Strait of Hormuz. Futures tied to the S&P 500 and Nasdaq 100 climbed 0.4% and 0.8%, respectively, while Dow futures edged up 0.2%. In extended trading, Advanced Micro Devices surged more than 16% after posting stronger-than-expected first-quarter earnings and revenue, along with an upbeat outlook for the current quarter. Super Micro Computer also jumped 18% following robust profit guidance, whereas Arista Networks slid nearly 12% after falling short of margin expectations. Investors now turn to another batch of earnings due Wednesday, including reports from AppLovin, Walt Disney, Uber, CVS Health, and DoorDash. Market participants will also monitor the release of ADP’s private payrolls report for April.
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