US stocks opened higher on Friday as investors welcomed signs of a potential peace agreement between the United States and Iran. Meanwhile, attention turned to the highly anticipated market debut of Elon Musk's SpaceX, which is expected to become the largest public listing in Wall Street history.
US stock-index futures rose on Friday as traders moved back into risk assets, encouraged by hopes that a Middle East deal may ease the oil shock and by anticipation around SpaceX's market debut. The mood was still fragile, with Iran yet to give final approval to any agreement and investors alert to whether a record listing from Elon Musk's space, satellite and AI group will absorb liquidity from other parts of the market.
8am: US stock futures rise Wall Street is heading for a firmer open on Friday, with futures ticking higher as investors weigh President Donald Trump's sudden shift on Iran and turn attention to a blockbuster market debut. Dow futures are up 0.6%, S&P 500 futures 0.4% higher, and Nasdaq futures are up 0.3%, extending Thursday's strong gains.
Dow Inc. (DOW) closed the most recent trading day at $33.63, moving 1.78% from the previous trading session.
US stocks opened higher on Thursday as investors returned to beaten-down technology shares following a sharp selloff, though gains were tempered by rising geopolitical tensions in the Middle East and higher oil prices. The Dow Jones Industrial Average added 246 points.
Total Q2 earnings for the S&P 500 index are currently expected to be up +21.8% from the same period last year on +10.9% higher revenues, with 11 of the 16 Zacks sectors expected to enjoy positive earnings growth.
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Technology stocks dragged Wall Street lower on Tuesday as a rebound in semiconductor shares lost momentum, while investors weighed renewed geopolitical uncertainty in the Middle East and prepared for key inflation data and the highly anticipated SpaceX initial public offering. The S&P 500 fell 0.26% to 7,386.65, while the Nasdaq Composite dropped 0.97% to 25,678.82.
Rising rate fears are hurting tech-heavy indexes, but the Dow's value tilt and lower tech exposure may offer relative resilience.
DOW shares have surged 39.1% in six months as cost cuts, growth projects and pricing actions support earnings growth and shareholder returns.
The Dow's industrial-era anchors are quietly outpacing the broader market. Over the past year, the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) returned 24.37%, and the Dow tracker returned 20.22%.
Three of the Dow's worst performers this year share more than just a red ticker.