U.S. equity futures traded near flatline on Friday, as attention focused on the status of U.S. peace negotiation with Iran and Dell Technologies’ impressive earnings.
At 4:11 p.m. (Bangkok Time), S&P 500 and Nasdaq 100 Dow Jones Industrial Average futures rose just 0.08% and 0.04% respectively, while Dow Jones Industrial Average futures climbed 0.13%.
After the market closed on Thursday, Dell’s latest quarterly results surpassed market forecasts, sending the stock up nearly 40% in an after-hour trading. The technology firm also expressed confidence that heightened demand for data center infrastructure, driven by artificial intelligence adoption, would benefit its server unit equipped with Nvidia processors.
During Thursday’s regular session, major indices gained, supported by optimism around AI-related companies and signs of potential easing in global tensions. The S&P 500 advanced 0.58%, the Nasdaq Composite rose 0.91%, and the Dow recorded a modest 0.05% rise.
On the geopolitical front, late Thursday reports indicated Iran’s military launched missile strikes, while President Donald Trump was reportedly considering an extension to an ongoing ceasefire. However, investors are still waiting for an official statement regarding the outcome of negotiations between the U.S. and Iran.
The ongoing closure of the Strait of Hormuz has intensified upward pressure on energy prices and heightened investor concerns about potential impacts on Federal Reserve interest rate decisions.
Looking ahead, Buckle is scheduled to report earnings before the market opens. Market participants are also monitoring April’s preliminary wholesale inventory figures and May’s Chicago PMI reading, both of which provide further insight into supply chain and regional economic activity.
