Dow Jones futures rise on de-escalating Middle East tensions
Dow Jones futures gain by 0.64%, trading near 46,900 during European hours on Wednesday, ahead of the United States (US) regular market open. Meanwhile, S&P 500 and Nasdaq 100 futures rise 0.72% and 1.06% to near 6,620 and 24,170, respectively, at the time of writing.
US equity futures move higher on improving global sentiment, following a strong rally on Wall Street overnight. Risk appetite strengthens amid growing optimism over a potential Middle East peace resolution.
US President Donald Trump signaled that the United States would be “leaving very soon” from the Iran conflict, with a withdrawal possibly occurring within two to three weeks. Trump also stressed that a formal agreement with Tehran is not required to end hostilities.
During Tuesday’s US regular session, the Dow Jones climbed nearly 2.5%, the S&P 500 gained 2.9%, and the Nasdaq 100 surged 3.43%, with all three benchmarks posting their strongest daily performance since May. The rally was supported by unconfirmed reports that Iranian President Masoud Pezeshkian may be open to ending the war under certain guarantees.
Technology stocks led the advance, with all members of the “Magnificent Seven” finishing solidly higher. Meta jumped 6.7%, extending gains after a 2% rise earlier in the week, while Marvell Technology surged nearly 13% following the announcement of a strategic partnership and a $2 billion investment from Nvidia.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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