US stock futures advanced in early trade on Wednesday, with Nasdaq-100 futures pointing to a strong start as optimism over a potential end to the US-Iran conflict buoyed global risk appetite.
As of 6:17 a.m. EDT, Nasdaq-100 futures (June 2026 contract) were up 397 points, or 1.41%, at 28,533, signalling a likely extension of Wall Street's record-setting run led by technology stocks, while S&P 500 futures rose 0.85% to 7,349.00 at 6:26 AM EDT, pointing to fresh record territory if gains hold.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The gains follow comments from US President Donald Trump, who said “great progress” had been made towards a “complete and final agreement” with Iran, alongside a decision to pause “Project Freedom" — a US operation to escort ships through the Strait of Hormuz.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
ALSO READ: Silver Jumps 6%, $80/Ounce In Sight Amid Buzz Over Possible End To US-Iran War
Adding to the momentum, an Iranian foreign ministry spokesperson indicated Tehran was reviewing a U.S. proposal aimed at ending hostilities.
Meanwhile, oil prices tumbled sharply, with West Texas Intermediate crude falling nearly 9% to around $93 per barrel and Brent crude dropping 7.7% to near $101, as traders unwound geopolitical risk premiums.
The United States and Iran are close to finalising a one-page, 14-point memorandum to end the Gulf conflict, a Pakistan-based mediator source told Reuters, confirming a report by Axios.
ALSO READ: Oil Cools On Peace Hopes: Brent Slumps Over 8% To Touch $100 As US, Iran 'Close In' On Ending War
“We will close this very soon,” the source said. The development follows Donald Trump's move to pause a naval mission in the Strait of Hormuz.
The draft framework includes a nuclear enrichment moratorium by Iran, potential US sanctions relief and release of frozen funds, along with easing transit restrictions. Talks, led by envoys Steve Witkoff and Jared Kushner, could pave the way for a ceasefire and a 30-day negotiation window.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
