U.S. Stock Futures Tick Higher After Ceasefire Report; Big Tech Stocks Rise
US stock futures edged higher and crude oil dipped as investors focused their attention on a report of a push to secure a potential ceasefire in the war in Iran.
Nasdaq futures were up 1%. Brent crude was trading near $108 a barrel. The dollar weakened. The yield on 10-year Treasuries hovered around 4.36%. Several markets in Europe and Asia were still closed for the Easter holiday.
Axios reported that US allies are pressing for a last-minute deal with Iran, citing sources with knowledge of the talks. The people, who were not named, said chances of reaching a deal over the next 48 hours are low. Over the weekend, President Donald Trump issued increasingly aggressive threats to destroy Iran’s power plants starting Tuesday. Iran rejected Trump’s latest ultimatum to reopen the Strait of Hormuz.
Big tech stocks rose in premarket trading. $Tesla(TSLA), TSMC, and Netflix rose 2%; Meta, Broadcom, and Alphabet rose 1%.
