U.S. stock futures edged higher on Wednesday night as optimism around a possible U.S.-Iran deal lifted sentiment. This comes after a strong session in which the S&P 500 (SPX) and Nasdaq Composite climbed to fresh record highs. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 were up 0.32%, 0.09%, and 0.17%, respectively, at 12:05 a.m. EDT on April 16.
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Forget margin or options. Here's how the pros trade QQQAt the time of writing, the international oil benchmark Brent (CM:BZ) fell 0.03% to $94.93 per barrel, while West Texas Intermediate (WTI) crude (CM:CL) inched higher by 0.34% to $91.66 per barrel.
In the regular trading session, the S&P 500 and the Nasdaq Composite hit fresh intraday and closing records, with the indices rising 0.8% and 1.6%, respectively, as investors looked past the Iran war. The S&P 500 closed above 7000 for the first time, while the Nasdaq finished above 24,000 after an 11th straight gain. The Dow slipped 0.2%.
Looking ahead, key economic reports include the Industrial Production and Capacity Utilization data points for March and Weekly Jobless Claims.
On the earnings front, TSMC (TSM), Abbott (ABT), Netflix (NFLX), and PepsiCo (PEP) are scheduled to report quarterly numbers tomorrow.