US stock futures experienced a slight uptick Thursday evening, buoyed by President Donald Trump’s announcement of a 10-day ceasefire agreement between Israel and Lebanon. Futures tied to the S&P 500 increased by 0.1%, while Nasdaq 100 futures remained largely unchanged. Meanwhile, contracts linked to the Dow Jones Industrial Average edged up by 0.2%.
During Thursday’s trading session, the equity markets performed positively across the board. Both the S&P 500 and the Nasdaq Composite reached new intraday and closing records, with gains of 0.3% and 0.4%, respectively. The Dow added 115 points, marking a 0.2% increase.
The market’s improvement reflects a full recovery from the losses associated with recent tensions in the Iran conflict. Trump stated that the ceasefire is set to take effect at 5 p.m. ET and hinted at the possibility of a permanent peace agreement emerging from negotiations expected over the weekend. While speaking to reporters at the White House, the president remarked, “It’s looking very good that we’re going to make a deal with Iran, and it’s going to be a good deal.”
On the corporate front, Netflix’s shares fell dramatically in after-hours trading despite the company reporting first-quarter results that exceeded expectations. The stock dropped more than 9% as investors reacted to a weaker-than-anticipated outlook for the upcoming second quarter.
Looking ahead, several financial institutions are expected to announce their earnings before the market opens on Friday, including Truist Financial, State Street, and Fifth Third Bancorp.
