Last Updated on 05/08/2026
Dow Jones futures edged higher after reports of a temporary US-Iran agreement fueled optimism across financial markets. US stocks ended Tuesday in positive territory, with the Dow Jones Industrial Average rising 1.71% and the Nasdaq 100 surging 2.59%. Investors are now turning their attention to upcoming earnings reports from Eli Lilly, AppLovin, Walt Disney, Uber, and SanDisk.
US stock futures traded modestly higher during Wednesday’s European session, with Dow Jones futures rising 0.23% to around 54,390. S&P 500 futures added 0.34% to roughly 7,790, while Nasdaq 100 futures edged up 0.14% to near 29,900. Investors are now focused on another busy day of corporate earnings, with major reports expected from Walt Disney, Uber, and SanDisk, which may influence market direction.
Investor sentiment improved after reports suggested progress toward an interim agreement involving the United States, Iran, and Oman to reopen the Strait of Hormuz. Axios reported that US officials are targeting an announcement as early as Wednesday, with the proposed 60-day arrangement designed to restore navigation through the strategic waterway, which carries nearly one-fifth of global energy shipments. The temporary framework could be extended if negotiations continue to advance.
The upbeat geopolitical developments followed a strong rally on Wall Street in the previous session. The Dow Jones Industrial Average and S&P 500 gained 1.71% and 1.79%, respectively, both finishing at fresh record highs. The Nasdaq Composite outperformed with a 2.59% advance, supported by stronger-than-expected corporate earnings and optimism that a Hormuz agreement is close.
Meanwhile, AI-related stocks continued their recovery, led by semiconductor companies. Deutsche Bank noted that the Philadelphia Semiconductor Index climbed 6.55% on Tuesday—its strongest daily performance since March—bringing its cumulative gain since last Wednesday to 16.58%, marking the index’s largest four-day rally since 2020. The bank said the sharp rebound in chip stocks signals renewed strength in the AI sector after its recent pullback.
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