S&P 500, Dow, Nasdaq Futures Climb As Trump Says Iran Ceasefire Holds Despite Fresh Hormuz Tensions: IREN, CRWV, CAPR, TTD Stocks In Focus

• The U.S. and Iran exchanged fire in the Strait on Thursday, and the military said that it had intercepted Iranian attacks on three American ships.
• Dow Jones futures, S&P 500 futures and the Nasdaq 100 futures gained in overnight trading. 
• Asian markets were down at the open on Friday, while oil prices climbed higher.

U.S. stock futures edged higher in overnight trading heading into Friday as markets shrugged off Middle East tensions after President Donald Trump's confirmation that the ceasefire remains in effect despite fresh tensions in the Strait of Hormuz.

Dow Jones futures were about 0.07% higher at the time of writing, while the S&P 500 futures were up 0.18% and Nasdaq 100 futures gained 0.30% as of 9.42 p.m ET.  

Among ETFs tracking benchmark indexes, the SPDR S&P 500 ETF (SPY), Invesco QQQ Trust (QQQ), and the SPDR Dow Jones Industrial Average ETF Trust (DIA) were all edging higher. Meanwhile, retail sentiment on Stocktwits for SPY and QQQ was in the ‘bullish’ territory, while it was ‘bearish’ for DIA.

How Did US Markets Fare?

On Thursday, the Dow Jones Industrial Average closed 0.63% lower, while the S&P 500 and the Nasdaq Composite also fell 0.38% and 0.13%, respectively.

US Market Drivers

President Trump has reportedly reiterated that the ceasefire with Iran still holds, despite tensions in the Strait of Hormuz. "The ceasefire is going. It's in effect," Trump reportedly told ABC News, while also calling the strikes a "love tap."

The U.S. and Iran exchanged fire in the Strait on Thursday. The U.S. military said that it had intercepted "unprovoked" Iranian attacks on three American ships in the critical waterway. Trump said that the American military ships were unharmed, but “great damage” had been done to the Iranian attackers.

“They were completely destroyed along with numerous small boats, which are being used to take the place of their fully decapitated Navy,” Trump said in a post on Truth Social.

“A normal Country would have allowed these Destroyers to pass, but Iran is not a normal Country. They are led by LUNATICS, and if they had the chance to use a Nuclear Weapon, they would do it, without question — But they’ll never have that opportunity and, just like we knocked them out again today, we’ll knock them out a lot harder, and a lot more violently, in the future, if they don’t get their Deal signed, FAST! Our three Destroyers, with their wonderful Crews, will now rejoin our Naval Blockade, which is truly a ‘Wall of Steel,’” he added. Meanwhile, Iran had earlier accused the U.S. of violating the ceasefire.

On the economic front, markets will be keyed into the April nonfarm payrolls report. The data will provide cues on how disruptions from the war in Iran will impact hiring and domestic labor markets.

Trending Stocks To Watch

IREN Ltd. (IREN): The AI cloud company’s shares soared in extended trading hours after it announced a $2.1 billion data center deal with Nvidia Corp. (NVDA), eclipsing the revenue shortfall for the third quarter (Q3) of 2026.

CoreWeave Inc. (CRWV): The AI infrastructure company’s stock declined nearly 10% overnight after its first-quarter (Q1) earnings were wider than expected. CoreWeave posted an adjusted loss per share of $1.12 per share compared with Wall Street expectations of $0.91 per share.

Capricor Therapeutics, Inc. (CAPR): Shares of the company plunged more than 13% overnight on Thursday after it filed a lawsuit against its commercial partner, Nippon Shinyaku, and its U.S. unit NS Pharma, over the launch of its Duchenne muscular dystrophy (DMD) therapy, Deramiocel.

The Trade Desk Inc. (TTD): The cloud company’s shares declined by more than 14% after-market hours as its second-quarter revenue guidance disappointed investors.

Broader Market Trends

Oil futures climbed higher in Thursday’s overnight session. Brent crude futures expiring in July were up about 1.61%, trading at around $101.67 a barrel, while WTI crude futures expiring in June were 1.32% higher, at $96.06 a barrel at the time of writing.

Treasury yields on the benchmark 10-year were at 4.386%, while gold traded around $4,713.89 an ounce.

Asian markets were down at the open on Friday, with the KOSPI, Nikkei 225, and the SSE Composite index declining at the time of writing. Australian stocks were also lower at the open.

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