US futures stall as investors await Iran response on US plan
(Il Sole 24 Ore Radiocor) - Milano, 7 mag - US futures were steady as investors awaited Iran's response to a US proposal to end the war in the Gulf.
Wall Street ended higher yesterday boosted by rising hopes for a peace deal. The S&P 500 and tech-heavy Nasdaq both closed at new record highs, up 1.5% and 2% respectively while the Dow rose 1.2%.
CNN reported that Iran was assessing a US proposal and would give its response soon as today.
Reports yesterday, citing sources briefed on the matter, said Washington was close to finalising a 14-point memorandum of understanding to not only end the war but lay the groundwork for more detailed nuclear talks.
Oil prices meanwhile continued to fall with Brent dipping below the 100 dollar per barrel mark.
On the stocks front, shares in Whirlpool were down nearly 18% in premarket trade after the white goods maker nearly halved its earnings outlook and suspended its dividend. Shares McDonald's rose more than 3% after solid earnings while DoorDash shares jumped 10% after the food delivery company gave upbeat guidance.
Futures on the Dow Jones were up 104.00 points, or 0.21%, S&P 500 futures were up 5.75 points, or 0.08%, while futures on.
the Nasdaq were down 2.25 points, or 0.01%.
(RADIOCOR) 07-05-26 14:00:44 (0498) 5 NNNN