Nasdaq

On Thursday, Nasdaq  futures experienced a modest increase, following a day in which technology shares propelled the S&P 500 and Nasdaq Composite to new all-time highs. Meanwhile, oil futures experienced a further decline following yesterday’s drop, fueled by optimism regarding a potential U.S.-Iran peace agreement. Futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 exhibited increases of 0.2%, 0.1%, and a fractional uptick, respectively, in the latest trading session.

Yesterday, the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow concluded the trading session with respective increases of 2%, 1.5%, and 1.2%, with the Dow gaining over 600 points. The S&P 500 and Nasdaq achieved intraday and closing records for the second consecutive day. West Texas Intermediate and Brent crude futures experienced additional declines on Thursday, following a 7% drop the previous day amid optimism regarding a potential Middle East peace agreement. In recent trading, WTI futures, the U.S. crude oil benchmark, experienced a decline of 2.4%, settling at $92.85 a barrel.

Meanwhile, front-month contracts of Brent crude, the global benchmark, decreased by 2.3%, reaching $99. The 10-year Treasury yield, a key determinant of interest rates on mortgages and various consumer loans, decreased to 4.33% from Wednesday’s closing figure of approximately 4.35%. Gold futures experienced an increase of approximately 1%, reaching a price of $4,740 per ounce. Bitcoin stood at $80,900, reflecting a modest decline over the previous 24 hours. The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, decreased by 0.1% to 97.91.

Shares of most of the Magnificent Seven tech giants indicated an upward trajectory in premarket trading, following a collective rise yesterday, with Nvidia leading the charge with an impressive nearly 6% increase. The world’s most valuable company experienced an uptick prior to the market opening. In post-earnings moves, Whirlpool plunged 18%, Arm Holdings dropped 8.5%, Snap sank 8%, Shell declined 2%, Fortinet soared 15%, DoorDash surged 10%, AppLovin advanced 3%, and McDonald’s rose 3%.