Traders work on the floor of the New York Stock Exchange (NYSE) on Wednesday, May 6, 2026, in New York, USA.
Michael Nagle | Bloomberg | Getty Images
S&P 500 futures were little changed Wednesday night after the index hit a new high, buoyed by hopes that the U.S. and Iran are nearing a deal to end the war.
S&P500 futures down 0.1%, Nasdaq 100 futures It decreased by 0.2%. Futures linked to the Dow Jones Industrial Average It fell 34 points, or less than 0.1%.
shares of door dash Shares soared 10% in extended trading Wednesday after the food delivery giant issued a rosy outlook for second-quarter orders. Meanwhile, cybersecurity stocks fortinet The company rose 16% after raising its full-year billing guidance.
At the regular meeting that day, a wide range of S&P500 It gained 1.46%, with tech stocks dominating. Nasdaq Composite It rose by 2.02%. Both indexes hit new intraday and closing highs. of Dow It soared 612.34 points (1.24%).
Stocks rose and oil prices fell after Axios reported that the United States and Iran were close to a deal to end the war, citing sources familiar with the matter. Specifically, two U.S. officials and two others briefed on the matter told the outlet that they believe the White House is close to a one-page, 14-point memorandum that would not only end the war but also establish a more detailed framework for nuclear negotiations.
Stocks fell from all-time highs after President Donald Trump said a deal was not yet finalized and that it was “probably a long shot” that Iran would accept the offer. The president threatened to renew military strikes if the country did not comply.
“If they don’t agree, the bombing will begin and sadly it will be at a much higher level and intensity than before,” the president wrote in a post on Truth Social.
An Iranian Foreign Ministry spokesperson told CNBC on Wednesday that Iran was evaluating the US resolution.
Besides hopes for a easing of tensions in the Middle East, a strong earnings season also boosted stock prices. Samantha McLemore, founder of Patient Capital Management, expects the stock to continue rising from here.
“This is a secular bull market,” she said on CNBC’s “Closing Bell” Wednesday afternoon. “People have been talking about this for over a year, wondering if we’re in a bubble, whether it’s gone too far. So I think the lid has been kept on valuations. We’ve pretty much just seen that move in line with earnings.”
mcdonalds, shake shack, shell, planet fitness, tapestry, data dog, peloton interactive, TripAdvisor, papa john, unity software and Valvoline The company plans to announce its financial results before the opening bell on Thursday. Traders will also be looking at the latest statistics on construction spending, consumer credit, jobless claims for the week ending May 2, and preliminary first-quarter unit labor costs and productivity indicators.
