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U.S. stock futures took a dip on Thursday after a massive rally sent the Dow Jones Industrial Average (DJIA) posting its best day in a year following the U.S.-Iran ceasefire deal.
Dow Jones closed more than 1,300 points higher on Wednesday, registering its best day since April 2025 when President Donald Trump softened his stance on some of the tariffs he had previously announced.
President Trump announced late on Wednesday that the U.S. ships, aircraft, and military personnel will remain in place in and around Iran until an agreement is reached with the Middle Eastern country.
“If for any reason it is not, which is highly unlikely, then the ‘Shootin’ Starts,’ bigger, and better, and stronger than anyone has ever seen before,” he said in a post on Truth Social.
Investors will also keep an eye on the release of key macroeconomic data set to be released today, including the fourth-quarter (Q4) Gross Domestic Product (GDP) numbers, the Personal Consumption Expenditures (PCE) index for February 2026, as well as weekly jobless claims.
As of 6 a.m. ET on Wednesday, Dow Jones futures were down more than 160 points, while S&P 500 and Nasdaq 100 futures fell nearly 0.3%.
Meanwhile, retail sentiment toward the SPDR S&P 500 ETF (SPY) trended in the ‘extremely bearish’ territory.
Crude oil prices climbed back up on Thursday after Iran stated that shipping through the Strait of Hormuz had stopped after Israel’s attacks on Lebanon, according to a report by CNN.
At the time of writing, U.S. West Texas Intermediate (WTI) crude futures maturing in May were up nearly 5%, rising to $99 per barrel. Brent crude futures expiring in June gained 4% to hover around $98 per barrel.
The United States Oil Fund ETF (USO) gained about 3%, while the ProShares Ultra Bloomberg Crude Oil ETF (UCO) was up nearly 2% at the time of writing.
Walt Disney Co. (DIS): Walt Disney is said to be planning to lay off about 1,000 employees a month after Josh D’Amaro took over as the company’s new CEO. DIS stock edged 0.2% lower pre-market.
Constellation Brands Inc. (STZ): Constellation Brands shares edged lower in Thursday’s pre-market trade after the company’s fiscal year 2027 earnings per share (EPS) guidance fell short of Wall Street expectations.
BlackBerry (BB): BlackBerry shares surged more than 4% pre-market ahead of the company’s Q4 results due Thursday. BlackBerry is expected to report an EPS of $0.04 on revenue of $145 million, according to Fiscal.ai data.
Also See: CHGG Stock Soars Following Galloway Capital’s Letter To Chegg CEO — What Did It Say?
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