U.S. stock futures moved higher ahead of Wednesday’s session, supported by easing oil prices and growing optimism that the Iran war could be nearing an end. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) Index were up 0.99%, 0.64%, and 0.70%, respectively, at 3:21 a.m. EDT on April 1.
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Trade QQQ with leverageLate Tuesday, Donald Trump told reporters at the White House that U.S. troops are expected to leave Iran in about two to three weeks, adding to hopes the conflict may ease soon.
At the time of writing, Brent crude (CM:BZ) was trading 4.55% lower at $99.24 a barrel, while West Texas Intermediate (WTI) crude (CM:CL) declined 4.01% to $97.27 per barrel.
This followed a blockbuster day for equities. The Dow, the S&P 500, and the Nasdaq jumped 2.5%, 2.9%, and 3.8%, respectively, the strongest daily performance since May for all three indices. The rally was fueled by renewed hopes of de‑escalation.
Looking ahead, the key economic reports include retail sales, ADP employment, and ISM manufacturing figures. On the earnings front, Conagra (CAG), Lamb Weston (LW), and Cal‑Maine Foods (CAL) are scheduled to report quarterly numbers tomorrow.