Wall St Futures Rise on US-Iran Deal Optimism, Tech Stocks Gain
U.S. stock index futures rebounded on Friday after the previous session's selloff, driven by optimism over a potential Middle East peace deal that lifted shares of technology firms including Intel.
U.S. stock index futures rebounded on Friday after the previous session's selloff, driven by optimism over a potential Middle East peace deal that lifted shares of technology firms including Intel (INTC), Apple (AAPL), and Nvidia (NVDA).
Reasons for the Move
US-Iran Deal Optimism
Media reports indicated progress in negotiations between the U.S. and Iran, which could ease tensions in the Middle East and lower oil prices, boosting investor confidence in the tech sector.
Recovery from Previous Losses
The rebound followed a volatile Thursday session impacted by hawkish comments from the Federal Reserve, prompting investors to reassess risks.
Broader Context
Weekly Performance
Despite Friday's gains, major indices are on track for weekly losses as markets remain cautious about interest rate hikes.
Sector Moves
Tech stocks lead the gains, with Intel (INTC) rising 2% in futures, followed by Nvidia (NVDA) and Apple (AAPL). Other chip stocks like Marvell (MRVL) and Micron (MU) also advanced.
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