May. 1 at 2:43 AM
U.S. stock futures rose night after the S&P 500 and Nasdaq hit record highs, as strong earnings offset persistent geopolitical tensions with Iran.
Futures on the S&P 500, Nasdaq 100, and Dow Jones all posted modest gains. Earlier, the S&P 500 (+1%) and Nasdaq (+0.9%) closed at all-time highs, while the Dow outperformed (+1.6%), driven by upbeat corporate results that eased inflation and risk concerns.
After hours, Apple surged on record revenue and EPS, fueled by strong iPhone sales and services. Reddit also jumped sharply after better-than-expected Q1 results and user growth. Markets now await upcoming earnings reports from major firms.
Geopolitical risks remain elevated: the U.S. is considering new military actions against Iran, which warned of severe retaliation. The Strait of Hormuz stays effectively closed, disrupting oil flows. Brent crude briefly spiked above
$126/barrel before retreating near
$114.
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