Dow, S&P 500, Nasdaq Futures Rise After Trump Says US-Iran War ‘Very Close To Over:’ Why HIMS, MSFT, RUM, NFLX, XNDU Are Trending After-Hours

• The S&P 500 and Nasdaq Composite closed at fresh record highs on Wednesday.
• Trump said the U.S.-Iran war is “very close to over,” while reports said both sides have an “in principle agreement” to continue diplomacy despite unresolved issues around the Strait of Hormuz and nuclear enrichment.
• Oil steadied near $91 per barrel for WTI and $95 for Brent as Washington and Tehran considered extending a ceasefire.

U.S. stock futures edged higher Wednesday night after the S&P 500 and Nasdaq Composite closed at fresh record highs, as investors weighed easing tensions in Iran and expectations for a supportive earnings season.

As of 9.10 p.m. ET, Nasdaq 100 futures were up 0.3%, while S&P 500 and Dow futures were up 0.2%.

On Stocktwits, retail sentiment toward the SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ) and SPDR Dow Jones Industrial Average ETF Trust (DIA) was ‘bullish’ amid ‘normal’ message volume.

US Market Drivers

Investor sentiment strengthened on Wednesday after U.S. President Donald Trump said in a Fox Business interview that the Iran war is “very close to over” and claimed Tehran wants to “make a deal very badly,” adding to optimism that the conflict may be nearing an end.

An initial round of talks between the two sides in Pakistan last weekend failed to yield a deal, though mediators are now working to set up talks to resolve key issues, including reopening the strait and Iran’s nuclear enrichment program. The Associated Press reported that both sides have an “in principle agreement” to pursue further diplomacy.

Oil steadied near $91 per barrel for West Texas Intermediate after Brent settled near $95 as Washington and Tehran considered a possible two-week ceasefire extension to allow more time for negotiations to end the war that has disrupted energy markets. 

The crude market has remained focused on developments around the Strait of Hormuz, with the U.S. setting up a naval blockade to cut off Iranian traffic while Tehran has kept the waterway closed to most other ships.

Iran’s joint military headquarters commander, Ali Abdollahi, warned that the armed forces would not permit exports or imports to continue in the Persian Gulf, the Sea of Oman, or the Red Sea if the blockade continued.

In the previous session, the Nasdaq posted its 11th straight gain, and the S&P 500 advanced in 10 of the past 11 sessions after wiping out all losses from the Iran conflict earlier this week. The S&P 500 has risen about 3% week-to-date, while the Nasdaq has added nearly 5% over the same period.

Gary Black, managing partner at The Future Fund, said on X that “stocks remain compelling relative to risk-free bonds, and absent the war, could move even higher if the impending earnings season produces further gains in earnings per share (EPS) estimates.”

Trending Stocks To Watch On NYSE, Nasdaq

Hims & Hers Health (HIMS): The stock rose 14% during regular trading and climbed another 10% in extended hours after Health and Human Services Secretary Robert F. Kennedy Jr. said the FDA will remove 12 peptides from the category of drug substances with significant safety risks, a segment the company previously said it is exploring.

Microsoft (MSFT): Shares are headed toward its best week in nearly a year as investor sentiment improved after earlier concerns around its positioning in the AI landscape, while U.S. weekly spending on video-game hardware nearly doubled year over year in the week ending April 4, including Xbox Series consoles, according to Circana.

Rumble (RUM): The stock hit its highest level in a month on Wednesday and extended its winning streak to three sessions after launching an exchange offer to acquire Northern Data as part of its push to expand cloud infrastructure and AI.

Netflix (NFLX): Shares hit their highest levels since December ahead of its first-quarter results after market hours on Thursday, with estimates pointing to revenue of $12.17 billion and GAAP EPS of $1.34.

Xanadu Quantum Technologies (XNDU): The stock posted its best day on record on Wednesday as quantum-computing stocks gained following Nvidia’s launch of its Ising quantum AI models aimed at accelerating quantum processor development.

How Global Markets Are Performing Today

In broader markets, the yield on the benchmark 10-year U.S. Treasury note was near 4.3%, while gold traded around $4,812 per ounce. 

Asian markets were higher, with MSCI’s broadest index outside Japan rising 0.3%, alongside higher open prices in Japan and Australia.

Among the catalysts for the day are initial jobless claims, the Philadelphia Fed manufacturing survey, industrial production, capacity utilization and remarks from New York Fed President John Williams and Federal Reserve Governor Stephen Miran. 

Investors are also watching earnings from Taiwan Semiconductor Manufacturing Company, Netflix, PepsiCo, Abbott Laboratories, The Charles Schwab Corp. and Prologis.

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