Tesla Futures Jump 1% as US-Iran Ceasefire Talks Boost Tech Stocks
TSLA•Tesla futures jumped about 1% as Nasdaq futures rallied after the U.S. and Iran agreed to a temporary halt in military action in the Strait of Hormuz and scheduled formal talks in Qatar. S&P 500 futures gained 0.6%, Dow futures rose 0.1% and Russell 2000 futures added 0.2% as investors weighed this development ahead of key U.S. jobs and manufacturing data.
1. Ceasefire Agreement Reached
The U.S. and Iran agreed to a temporary halt in military strikes in the Strait of Hormuz, with formal negotiations set to begin in Qatar this week. This de-escalation follows weekend retaliatory strikes and aims to guarantee free transit through the strategic waterway.
2. Futures Market Reaction
As of 4:00 a.m. ET, Nasdaq futures rose 1%, S&P 500 futures gained 0.6%, Dow futures climbed 0.1% and Russell 2000 futures added 0.2%. Tesla futures mirrored the tech rally, lifting roughly 1% as investors prepare for Friday’s Non-Farm Payrolls report and the ISM Manufacturing PMI.
