Dow, Nasdaq, S&P 500 Futures Edge Higher After Trump Extends Iran Ceasefire: POET, NVTS, KYTX, TSLA Stocks Garner Focus Today

• Nasdaq 100 futures edged up 0.68%, S&P 500 futures were up 0.53%, and Dow Jones futures edged 0.47% higher. 
• Meanwhile, the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite all declined about 0.6% at close. 
• Asian markets were mixed in Wednesday’s opening trade, with the KOSPI and Nikkei 225 lower, while the Shanghai Composite opened in the green.

U.S. stock futures inched higher in Tuesday’s overnight trading as markets priced in President Donald Trump’s announcement of a ceasefire extension with Iran, shortly before the deadline was set to expire on Wednesday.

As of 8:37 p.m. ET, Nasdaq 100 futures edged up 0.68%, S&P 500 futures were up 0.53%, and Dow Jones futures edged 0.47% higher.

Meanwhile, ETFs tracking the benchmark indexes — the SPDR S&P 500 ETF (SPY), Invesco QQQ Trust (QQQ) and SPDR Dow Jones Industrial Average ETF Trust (DIA) — also climbed higher late Tuesday, with retail sentiment in the green for all at the time of writing.

How Did US Markets Fare On Monday?

The S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite all declined about 0.6% at close over ongoing uncertainty about the peace negotiations.

US Market Drivers

Investor sentiment was largely driven by the outcome of the U.S.-Iran peace talks. Stock futures in the U.S. ticked higher after-hours following President Donald Trump’s announcement of an extended ceasefire with Iran. However, the president said that despite the extension, military blockade in the Strait would continue.

"Based on the fact that the Government of Iran is seriously fractured, not unexpectedly so and, upon the request of Field Marshal Asim Munir, and Prime Minister Shehbaz Sharif, of Pakistan, we have been asked to hold our Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal," Trump said in a post on Truth Social.

"I have therefore directed our Military to continue the Blockade and, in all other respects, remain ready and able, and will therefore extend the Ceasefire until such time as their proposal is submitted, and discussions are concluded, one way or the other,” he added.

Meanwhile, Iran has reportedly said that it won’t attend the talks with the U.S., calling it a “waste of time.” Previously, Iran asked the United Nations to intervene in the matter related to the seizure of one of its vessels in the Strait of Hormuz, calling the move by the U.S. "a clear and material breach" of the ceasefire between the nations, while also demanding that the U.S. release the vessel, the crew, and the families captured aboard.

Trending Stocks To Watch

Poet Technologies (POET): Shares of the company surged on Tuesday, climbing higher in after-hours trading following CFO Thomas Mika’s dismissal of short-seller Wolfpack’s report on its status as a Passive Foreign Investment Company in an exclusive interview with Stocktwits. Mika also confirmed orders with Marvell Technology (MRVL).

Navitas Semiconductor (NVTS): Shares of the specialized chip company gained more than 2% in overnight trading, after closing up 16% on optimism over the appointment of Gregory M. Fischer, a former Broadcom VP, as an independent director.

Kyverna Therapeutics (KYTX): The clinical-stage biopharma company rallied over 29% in Tuesday’s overnight session after it said that its experimental one-time cell therapy delivered solid results in a trial.

Tesla (TSLA): Elon Musk’s car maker is on the retail radar ahead of its first quarter earnings results due in Wednesday’s after-market hours. Analysts expect the company to post revenue of $22.39 billion for the quarter, a growth of about 16% from the same period last year.     

Broader Market Trends

Meanwhile, oil futures fluctuated in Tuesday’s overnight trading, trending lower at the time of writing. WTI crude futures expiring in May were down about 0.07% to $89.61 a barrel, and Brent crude futures expiring in June were down about 0.02% to $98.46 a barrel.

Meanwhile, treasury yields on the benchmark 10-year were at 4.288% at 8.32 PM ET, while gold traded around $4,744.09 an ounce after climbing about 0.7%.

Asian markets were mixed in Wednesday’s opening trade, with the KOSPI and Nikkei 225 lower, while the Shanghai Composite opened in the green. Australian stocks also dipped lower at the open on Wednesday.

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