S&P 500, Nasdaq, Dow futures hit pause near records amid hopes for US-Iran talks
US stocks drifted lower before the bell on Wednesday, but kept all-time highs within reach as investors weighed President Trump’s signal of confidence that the Iran war will end soon.
Futures on the S&P 500, (ES=F), the Nasdaq 100 (NQ=F), and the Dow Jones Industrial Average (YM=F) all hovered just below the flat line, coming off a strong session that left the S&P 500 (^GSPC) within striking distance of a fresh record high.
Trump hinted at progress in ending the Iran war in media interviews late Tuesday, saying that peace talks might restart within two days and an extension of the current two-week ceasefire may not be needed. He told Fox Business that he sees the war as “close to over.”
Markets are now waiting for details on any progress, which could reignite the momentum for stocks that has built in recent days. The S&P 500 has posted gains in nine of the past 10 sessions and sits just shy of its late-January peak. Meanwhile, the tech-heavy Nasdaq Composite extended its winning streak to 10 consecutive days.
Looking ahead, attention shifts to a busy earnings slate. Major financial institutions continue to report results, with Bank of America (BAC) and Morgan Stanley (MS) on the early morning docket.
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