Stock Market Today: S&P 500, Nasdaq 100, Dow Jones Futures Gain as Iran Receives US Proposal To Restore Ceasefire— CEG, VICR, MU in Focus (UPDATED)
Key takeaways
- Futures and earnings lift the market, while tight labor data and a Gulf ceasefire proposal keep risk‑aversion in check.
- 10‑year Treasury yield 5.33%
- 2‑year Treasury yield 4.91%
- FedWatch 39.3% hike probability
What happened
U.S. stock futures edged higher as the Dow, S&P 500 and Nasdaq 100 all gained, while the market welcomed a U.S. proposal to restore a Gulf ceasefire after troops withdrew from Iraq. Weekly jobless claims fell to 197,000, and the 10‑year Treasury yield was 5.33%. In pre‑market trading, Micron (MU) beat revenue estimates with $54.23 billion, Vicor jumped 12.2% after raising Q3 revenue guidance, and Constellation Energy (CEG) rose 2.94% on a 20‑year nuclear power purchase agreement with Amazon.
Why it matters
The gains in futures and the positive earnings surprises lift sentiment and suggest that the market is still resilient despite rising long‑end yields and a weak dollar. The jobless claims data confirm a tight labor market, supporting the case for continued rate hikes. The Gulf ceasefire proposal could reduce…
Short-term and longer-term
Short-term. Short‑term traders should watch the 10‑year Treasury yield at 5.33% and the FedWatch 39.3% hike probability for clues on rate policy.
Longer-term. Over the next few weeks, investors should monitor how the Fed’s policy stance evolves as reflected in Treasury yields and the FedWatch tool.