U.S. stock futures were mixed on Thursday evening as investors weighed a ceasefire extension in the Middle East against rising oil prices surpassing $100/barrel. After the market closed, President Trump announced a three-week extension of the ceasefire between Israel and Lebanon. Futures on the Nasdaq 100 (NDX) and the S&P 500 Index (SPX) were up 0.39% and 0.03%, respectively, at 6:18 p.m. EDT on April 23, while the Dow Jones Industrial Average (DJIA) futures were down 0.13%.
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In the regular trading session, 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.