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Futures linked to the S&P 500 edged higher early Thursday after the index touched new highs, buoyed by hopes that the U.S. and Iran were closing in on an agreement to end the war.
Futures for the Dow Jones Industrials increased 91 points, or 0.2%, to 50,128.
Futures for the S&P 500 gained 5.25 points, or 0.1%, to 7,394.75
Futures for the NASDAQ gained 3.25 points, or 1.7%. to 28,720.
Shares of DoorDash popped 10% after the food delivery giant issued rosy guidance for orders in its second quarter. Meanwhile, Fortinet climbed 15% after lifting its full-year billings guidance.
Stocks moved higher and oil prices cooled after Axios reported, citing sources, that the U.S. and Iran are nearing a deal to end the war.
Specifically, two U.S. officials and two other sources briefed on the issue told the outlet that the White House believes it is nearing a one-page, 14-point memorandum of understanding to not only end the war, but also establish a framework for more detailed nuclear talks.
An Iranian foreign ministry spokesperson said to media outlets on Wednesday that Iran was evaluating a U.S. proposal for a resolution.
In Japan, the Nikkei 225 screamed higher 5.6% after a prolonged higher, while the Hang Seng index in Hong Kong progressed 1.6%
Oil prices collapsed $3.51 to $91.57 U.S. a barrel.
