US Futures Rise to New Records
2026-05-06 11:12
By
Andre Joaquim
1 min. read
Futures tracking US equities surged on Wednesday as a potential end to the war with Iran improved the macroeconomic backdrop, while a series of strong earnings boosted AI stocks.
Contracts for the S&P 500 and the Nasdaq 100 gained 1% and 1.5%, respectively, for new records, while those for the Dow were 500 points higher.
The US reportedly was close to agreeing to a memorandum from Iran, potentially restoring trade through the Strait of Hormuz and triggering a slide in energy prices.
Equities across a broad range of sectors rose on the developments.
Meanwhile, AMD surged by 20% after beating earnings estimates and lifting its guidance on soaring levels of data center growth.
Consistently, Super Micro Computer rose 15% on strong earnings.
The news lifted others in the AI infrastructure space with Nvidia, Sandisk, Micron, and Intel adding over 3%.
Also on the earnings front, Disney jumped 5% after reporting strong revenues.