U.S. stock futures edged higher on Thursday morning as investors closely watched developments related to the U.S.-Iran conflict. The S&P 500 (SPX) and the Nasdaq Composite touched record highs yesterday on hopes of the U.S. and Iran reaching an agreement to end the war. Futures on the Nasdaq 100 (NDX), the S&P 500 Index, and the Dow Jones Industrial Average (DJIA) were up 0.10%, 0.10%, and 0.17%, respectively, at 8:30 a.m. EDT on May 7.
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Forget margin or options. Here's how the pros trade QQQAt the time of writing, oil prices trended lower. Brent crude (CM:BZ) fell 3.59% to around $97.64 per barrel, while WTI crude (CM:CL) was down 3.94% to about $91.30.
In Wednesday’s regular trading session, major indexes closed higher as tech stocks surged following Advanced Micro Devices’ (AMD) upbeat Q1 earnings and strong outlook. Also, Axios’s report of a potential U.S.-Iran peace deal boosted investor sentiment. The Nasdaq Composite, the S&P 500, and the Dow Jones gained 2.02%, 1.46%, and 1.24%, respectively.
Moving to trending stocks, Shake Shack (SHAK) stock plunged 18% in Thursday’s pre-market trading after the burger chain’s Q1 results missed the Street’s expectations. In contrast, McDonald’s (MCD) stock rose about 4% after the fast food chain reported upbeat Q1 earnings and revenue.
Shares of social media platform Snap (SNAP) fell 9% in Thursday’s pre-market trading as its second-quarter sales guidance failed to impress investors.
Meanwhile, DoorDash (DASH) stock popped about 10% as the delivery platform delivered Q1 earnings beat and issued solid order guidance for the second quarter. Shares of IonQ (IONQ) fell more than 6% after the quantum computing company reported a wider-than-anticipated adjusted EBITDA loss for Q1 2026.