U.S. stock futures were mixed late Thursday night as investors reacted to a ceasefire extension in the Middle East and rising oil prices. After the market closed, President Donald Trump confirmed a three-week extension of the truce between Israel and Lebanon, which lifted Nasdaq futures, but gains were limited as oil prices moved higher.
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New trading tool for QQQ bullsFutures on the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) were down 0.26% and 0.04%, respectively, at 12:45 a.m. EDT on April 24, while the Nasdaq 100 (NDX) futures were up 0.37%.
At the time of writing, Brent crude (CM:BZ) inched higher by 0.87% to $105.98 per barrel, while WTI crude (CM:CL) gained 0.61% to $96.44.
In stock-specific moves, Intel (INTC) stock soared 20% in after-hours trading after reporting strong first-quarter results and issuing better-than-expected guidance. The gains were driven by strong AI demand and improving momentum in its server business.
In the regular trading session on Wednesday, stocks slipped after briefly hitting new records. Software names dragged markets lower, and rising oil prices added pressure amid U.S.-Iran tensions. Overall, the Nasdaq fell 0.9%, while the S&P 500 and Dow each lost 0.4%. Both the S&P 500 and Nasdaq touched fresh intraday highs before reversing.
Looking ahead, earnings reports are due from Procter & Gamble (PG), Charter Communications (CHTR), and Schlumberger (SLB) tomorrow. On the economic front, the final April reading of the Michigan consumer sentiment index will be released on Friday.