Dow, S&P 500, Nasdaq Futures Rise 0.1% Ahead of Iran Update — Marketwatch
marketwatch: Futures tied to the Dow Jones Industrial Average, the S&P 500 and the Nasdaq 100 each rose 0.1% on Friday as traders waited for an official update on US negotiations with Iran. The move kept risk appetite intact after the S&P 500 and Nasdaq hit record highs three days in a row this week.
Dell’s 40% jump
40%: Dell Technologies shares rose close to that level after the bell on Thursday after the hardware maker’s results blew past investors’ expectations and its outlook pointed to more annual sales. Dell said the rapid expansion of data centers amid the AI boom would keep driving demand for its servers, which run on Nvidia chips.
10%: Gap’s namesake division posted that same-store sales increase, but the broader company still slashed its full-year sales outlook. Gap shares fell 15% in premarket trading on Friday, and Chief Executive Richard Dickson said, “We just got off to a weak start in dresses.” He added, “We just did not have the right fashion and value equation [for dresses].”
Iran talks and oil
60 days: The US and Iran tentatively agreed to extend a ceasefire by that long, while President Donald Trump had yet to agree to the terms, according to a person familiar with the matter. Vice President JD Vance said it was too early to know “when or if” a deal would be reached, and Treasury Secretary Scott Bessent said only that “the teams have been going back and forth” when asked about an interim agreement.
$93 a barrel: Brent crude dropped below that level and was down 18% this month, while West Texas Intermediate was near $88. The pullback tracks optimism that flows through the Strait of Hormuz may resume if the negotiations ease regional tension, and it leaves energy traders tied to the next official update rather than the last round of headlines.
