Nasdaq Futures advanced Friday, the final day of a strong month for major indexes, as oil prices declined on optimism regarding a potential peace agreement between the U.S. and Iran. Futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 indicated increases of 0.2%, 0.1%, and 0.1%, respectively, in recent trading. The Nasdaq Composite, S&P 500, and Dow commenced the concluding trading day of May with respective gains of 8%, 5%, and 2% for the month. Yesterday, the three major U.S. stock indexes achieved closing records for the second consecutive day, once again driven upward by technology shares.

All of the Magnificent Seven stocks finished higher, led by a 3.5% advance in Microsoft shares, although most pointed lower in premarket trading Friday. A day after Snowflake soared 36%, Dell Technologies looked to be on its way to posting sharp gains. Shares surged 37% in pre-market trading following the server maker’s announcement of results that exceeded expectations, accompanied by an upward revision of its outlook driven by robust demand for AI. In other notable post-earnings movements, shares of Gap sank 17%; SentinelOne plunged 17%; American Eagle Outfitters dropped 11%; Costco Wholesale edged lower; and Okta surged 7%.

Oil prices experienced a decline subsequent to a report indicating that the U.S. and Iran had come to an agreement to prolong their ceasefire and initiate discussions regarding Iran’s nuclear program, despite President Donald Trump not having provided his final approval. West Texas Intermediate futures, the U.S. crude oil benchmark, experienced a decline of 1.3%, settling at $87.75 per barrel in recent trading. Meanwhile, front-month contracts of Brent crude, the global benchmark, also fell by 1.3%, reaching $92.55.

The 10-year Treasury yield, a key determinant of interest rates on mortgages and various consumer loans, remained relatively stable from Thursday’s closing figure, resting below 4.49%. Gold futures increased by 0.8%, reaching a price of $4,570 per ounce. Bitcoin was at $73,600, reflecting a modest increase over the past 24 hours. The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, increased by 0.1% to 99.08.