US Stock Market Today Live Updates: The US stock market futures remained steady on Thursday, signalling a flattish start to Wall Street today, even as Nvidia posted blockbuster earnings and hopes of a US-Iran peace agreement gathered steam.
S&P 500 futures held mostly steady, up 0.05%, while Nasdaq futures, down 0.025%, struggled to build on the AI-driven rally that has recently pushed stocks to record highs.
Geopolitical factors also remained in focus as Pakistan stepped up diplomatic efforts to accelerate the US-Iran peace talks.
Nvidia shares, meanwhile, edged up 0.3% in premarket trading after the AI heavyweight forecast second-quarter revenue above Wall Street estimates.
Crude oil prices cool off
Meanwhile, oil saw the sharpest reaction.
Brent crude dropped below $105 a barrel after Iran indicated that the latest US proposal had helped reduce differences between the two sides. Investors are increasingly wagering that even a limited breakthrough could eventually reopen the Strait of Hormuz and ease strains on global energy supplies.
That shift is important because oil has been steering the broader macro narrative. In recent weeks, surging crude prices drove bond yields sharply higher as markets worried about a fresh wave of inflation. Today, however, yields edged lower, offering equities some relief. The US 10-year Treasury yield slipped to around 4.57%.
Markets are pricing in roughly a 40% chance the US Federal Reserve will raise interest rates by at least 25 basis points by the end of the year, according to CME’s FedWatch tool, quoted by Reuters.
Data-heavy day ahead
On the economic front, investors are awaiting weekly jobless claims and business activity surveys later today, which could provide fresh insight into the strength of the economy.
Track this space for LIVE updates on US stock market today.
