Stocks Surge Amid U.S.-Iran Peace Prospect and Robust Tech Rally

In a promising turn for global markets, the S&P 500 and Nasdaq futures hovered near their all-time highs on Thursday. The boost was fueled by hopes of a possible U.S.-Iran peace agreement that could stabilize oil flows through the Strait of Hormuz, reducing crude prices below $100 a barrel.

This geopolitical development coincides with a vigorous rally in technology stocks, bolstering the U.S. markets. Investors were buoyed by impressive earnings and positive economic indicators, as private payrolls rose significantly, marking the largest increase in over a year.

Meanwhile, uncertainties continue as Snap reported a 10% decline in early trading due to regional conflicts and slow growth. Similarly, Whirlpool and Arm Holdings faced challenges, raising concerns about the broader market resilience amid fluctuating geopolitical dynamics.

(With inputs from agencies.)