Dow, S&P 500, Nasdaq futures edge higher as oil prices fall

Dow, S&P 500, Nasdaq futures edge higher as oil prices fall


US stock futures edged higher on Friday, May 29, while oil prices declined, as investors monitored developments around the fragile ceasefire between the United States and Iran and awaited further clarity on ongoing negotiations between the two countries.

Futures tied to the Dow Jones Industrial Average rose 138 points, or 0.3%, while S&P 500 and Nasdaq 100 futures gained 0.1% each.

Wall Street sentiment remained cautiously positive after reports that US and Iranian negotiators had agreed on a 60-day memorandum of understanding to extend the ceasefire, although markets continued to track geopolitical risks in West Asia.

Crude oil prices eased following recent volatility. West Texas Intermediate crude futures fell more than 2% to $86.89 per barrel, while Brent crude declined 2% to $92.45 per barrel.

The moves came after reports that Iran’s armed forces launched missiles late Thursday, even as US President Donald Trump weighed a possible extension of the ceasefire arrangement.

Investors were also watching corporate earnings, with market focus turning to Dell Technologies after its latest quarterly results. Stocks are coming off a record-setting session on Wall Street, with optimism over easing geopolitical tensions helping support risk appetite.



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