FX.co ★ US Futures Extend Rebound

US equity futures climbed sharply on Wednesday, extending the prior session’s rally as signs of a potential US–Iran agreement to end the war eased stagflation fears. Futures on the S&P 500, Dow Jones Industrial Average, and Nasdaq 100 were all up about 0.8%. President Trump indicated that the US was moving closer to ending the conflict, while Iranian officials said they would halt attacks if their conditions were met. These developments helped cool the surge in energy prices despite continued assaults on tankers and infrastructure in Gulf states, lending support to benchmark Treasuries. Even so, bond markets remained under some pressure, as robust retail sales and solid private payrolls data underscored the US economy’s capacity to withstand an energy shock. Tech mega-caps advanced as improved risk appetite coincided with renewed optimism for the AI sector, following OpenAI’s latest funding round backed by Nvidia, Amazon, and SoftBank. By contrast, Nike slumped 10% after issuing subdued guidance.