U.S. Stock Markets Soar Amid Geopolitical and Inflation Uncertainty

U.S. stock futures held steady on Friday as investors awaited further news on a potential U.S.-Iran deal, poised to extend the ceasefire in the Strait of Hormuz.

Market optimism grew with easing geopolitical tensions and AI-driven growth, although concerns over inflation and economic impacts lingered.

While Dell's optimistic profit forecast buoyed the market, the Gap saw shares plummet following a cut in its sales projection, highlighting consumer budget pressures.

(With inputs from agencies.)