Dow Jones, S&P 500, and Nasdaq 100 futures rise modestly as traders weigh geopolitical risks ahead of Fed commentary.
US stock futures climbed in European trading Wednesday, with Dow Jones futures up 0.24% at 50,650, S&P 500 futures rising 0.15% toward 7,550, and Nasdaq 100 futures gaining 0.23% near 30,150. The gains reflect fading safe-haven demand as traders bet on a potential US-Iran agreement despite recent tensions.
On Tuesday, the Dow Jones dipped 0.23%, while the S&P 500 and Nasdaq 100 advanced 0.61% and 1.19%, respectively, with both indices closing at record highs. Tech stocks drove the rally, but optimism dimmed after US airstrikes in southern Iran, which Iran’s Revolutionary Guard condemned as a violation of a seven-week ceasefire.
Markets now await remarks from Fed Vice Chair Philip Jefferson and Governor Lisa Cook for clues on inflation and interest rate policy. Thursday’s April US Personal Consumption Expenditures report will also draw attention.