U.S. stock futures fell early Friday as traders assessed the fragile U.S.-Iran ceasefire amid Israel’s continued attacks on Lebanon. Traders also anticipate key consumer price index (CPI) data today. Futures on the Nasdaq 100 (NDX), the S&P 500 Index (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.06%, 0.07%, and 0.12%, respectively, at 5:38 a.m. EST on April 10.
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Trade QQQ with leverageIran accused Israel of violating the ceasefire through its Lebanon strikes. In response, Israeli Prime Minister Benjamin Netanyahu stated that Israel would negotiate with Lebanon as soon as possible.
At the time of writing, the global oil benchmark Brent (CM:BZ) rose 1.07% to $99.67 per barrel, while West Texas Intermediate (WTI) crude (CM:CL) was up 2.09% at $100.08 per barrel.
During Thursday’s regular trading, the three major indexes closed higher on hopes the ceasefire would hold. The Nasdaq surged 0.83%, the S&P 500 rose 0.62%, and the Dow gained 0.58%.
The major U.S. indexes are set for strong weekly gains. The S&P 500 is up nearly 3.7% through Thursday’s close, on track for its best week since November. The Dow has climbed 3.6% week-to-date, while the Nasdaq eyes a 4.3% rise.
Notably, the U.S. 10-year Treasury yield rose to 4.29% as of the last check. Additionally, the spot gold price in U.S. dollars traded around $4,745 per ounce on Friday.
Looking ahead, traders will focus on March’s CPI data, a critical inflation gauge that could sway Fed policy expectations.
On the earnings front, results from Blackrock (BLK) and Children’s Place (PLCE) are due today.
Elsewhere, major European indexes traded higher amid the ceasefire developments.
Asia-Pacific Markets Close Higher
Asia-Pacific markets closed higher despite lingering concerns over the Strait of Hormuz reopening.
Hong Kong’s Hang Seng index rose 0.55%. In China, the Shanghai Composite added 0.51% and the Shenzhen Component surged 1.20%. Meanwhile, Japan’s Nikkei increased 1.84% and the Topix ended flattish.