Nasdaq, S&P 500 Futures Rise Ahead Of Jobs Report As Iran Ceasefire Holds: Why NVDA, IREN, CRWV, RKLB, UPWK, CAPR Are In Focus

• Investors weighed easing Middle East tensions and awaited the highly anticipated nonfarm payrolls report. 
• On Thursday, President Trump said the Iran ceasefire remains intact despite renewed naval tensions in the Strait of Hormuz 
• AI-linked names, including Nvidia, CoreWeave, IREN, and Rocket Lab, dominated premarket trading chatter on Stocktwits.

U.S. stock futures rose early Friday as investors weighed the geopolitical developments in the Middle East and geared up for the highly anticipated jobs data today. President Donald Trump confirmed that a ceasefire with Iran is currently holding, despite a naval skirmish in the Strait of Hormuz on Thursday. 

As of 4:00 a.m. ET on Friday: Nasdaq futures led the charge with a 0.6% gain, while S&P 500 futures rose 0.3%. Both the Dow and Russell 2000 futures edged up 0.1%. 

Retail sentiment toward the SPDR S&P 500 ETF (SPY), an exchange-traded fund that tracks the S&P 500 Index, and the Invesco QQQ Trust (QQQ) ETF, which tracks the Nasdaq-100 Index, has remained ‘bullish’ from ‘extremely bullish’ earlier this week.

Trending Stocks To Watch

Nvidia (NVDA): Reports suggest that the chipmaker’s CEO, Jensen Huang, could join President Trump on a diplomatic trip to China next week. This comes amid lagging sales and challenges in China for Nvidia. 

Iren (IREN): Stock surged 9% in early premarket trade after securing a massive $3.4 billion AI cloud contract with Nvidia, overshadowing a Q3 revenue miss. 

Coreweave (CRWV) stock fell 10% in early premarket trading after the AI cloud infrastructure company reported a wider-than-expected loss and issued a disappointing revenue guidance. 

Rocket Lab USA (RKLB) stock rose 8% in early premarket trade after the aerospace company reported stronger-than-expected quarterly revenue alongside multiple contract wins and an acquisition. 

Cloudflare (NET) slumped 17% in early premarket trading after it announced a weaker Q2 guidance and said it would cut about 20% of its workforce as part of an AI-driven restructuring effort. 

Upwork (UPWK) shares fell 23% following the announcement of a 25% workforce layoff. 

Capricor Therapeutics (CAPR) stock fell 9% in premarket trade after filing a lawsuit against partner Nippon Shinyaku over the launch of its DMD therapy, Deramiocel. 

Baidu Inc (BIDU) drew attention after reports that its chip unit, Kunlunxin, is pursuing an IPO on Shanghai’s STAR Market alongside separate plans for a Hong Kong listing. 

Other tickers trending on Stocktwits at the time of writing included Trade Desk Inc (TTD), Innodata Inc (INOD), Lyft Inc (LYFT), and Fastly Inc (FSLY).

Other Catalysts To Watch

On the economic front, traders will be watching the release of the April nonfarm payrolls report later Friday, one of the month's most important macro catalysts. 

On earnings radar, watch out for quarterly reports from Wendy's (WEN) and FIS (FIS) before the bell. 

For updates and corrections, email newsroom[at]stocktwits[dot]com