S&P Futures exhibited a slight increase early Thursday following the ascent of both the S&P 500 and Nasdaq Composite to new record highs during the regular trading session. S&P 500 futures experienced an increase of 0.1%, whereas Nasdaq 100 futures saw a rise of 0.3%. Futures associated with the Dow Jones Industrial Average increased by 39 points, representing a 0.1% rise.

During the regular session, the S&P 500 and the tech-heavy Nasdaq achieved new all-time highs, concluding at record levels. The broad market index increased by 0.80%, whereas the Nasdaq Composite rose by 1.59%, marking its 11th consecutive gain. The blue-chip Dow diverged from the prevailing trend, declining by 72.27 points, equivalent to a decrease of 0.15%. Recent days have witnessed an uptick in stock prices, attributed to the potential for a peace agreement between the U.S. and Iran. In a recent interview, President Donald Trump asserted that the conflict with Iran is “very close to over,” reiterating his belief that Tehran is eager to “make a deal very badly.”

A White House official indicated on Tuesday that discussions are underway regarding a second round of negotiations between Washington and Iran. No official schedule has been established at this time, as stated by source. On Monday, the S&P 500 erased all of its losses incurred since the onset of the Iran war. “We’re basically back to where we were in late February in terms of the sentiment indicators and the valuation,” stated Tim Hayes on Wednesday. “If we are to sustain upward momentum, it is essential that we experience a broadening of participation beyond solely the Nasdaq.”

However, Hayes adopted a cautionary stance, indicating that investors might be overly eager to engage in a market rally. “I would exercise a degree of caution at this moment. I don’t think this is time to jump back in,” he added. “There’s a sort of quick return to a lot of these stocks, but does it follow through?” Does it expand further? That remains to be determined.