Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment

U.S. stock futures traded mostly unchanged on Thursday evening after the S&P 500 and Nasdaq closed at fresh record highs for the second consecutive session. Investor confidence improved following reports that the United States and Iran had reached a draft agreement to extend their ceasefire for another 60 days, easing fears of further disruption in global oil supplies.

S&P 500 Futures rose 0.1% to 7,586.0 points, while Nasdaq 100 Futures remained nearly flat at 30,303.75 points. Dow Jones Futures also showed little movement at 50,733.0 points during late trading hours.

In the regular trading session, the S&P 500 gained 0.6% to close at 7,563.78, while the Nasdaq Composite climbed 0.9% to end at a new all-time high of 26,917.47. The Dow Jones Industrial Average edged slightly higher by 0.1%.

Market sentiment strengthened after Axios reported that U.S. and Iranian officials had agreed on a framework to maintain the ceasefire. The potential deal reduced concerns over instability in the Strait of Hormuz, a critical route for global oil shipments. However, the agreement still requires approval from U.S. President Donald Trump, and Iranian officials stated that negotiations are not yet finalized.

Oil prices declined following the reports, supporting technology and growth stocks that are sensitive to interest rate expectations. Investors continued to favor AI-related technology shares, which remained a major driver behind Wall Street’s strong performance.

Despite the market rally, investors stayed cautious after the latest Personal Consumption Expenditures (PCE) price index showed inflation accelerating at its fastest pace in three years. Rising energy costs linked to Middle East tensions contributed to the increase, reinforcing expectations that the Federal Reserve may keep interest rates higher for longer.

Meanwhile, revised data from the Commerce Department showed U.S. first-quarter GDP growth slowed to an annualized rate of 1.6%, below the previously estimated 2.0%. Treasury yields eased after the weaker economic data, although inflation concerns continue to cloud the outlook for monetary policy and financial markets in 2026.