Wall Street Futures Edge Higher After Record Highs as Earnings and Iran Tensions Stay in Focus: Dow Jones, S&P, Nasdaq

U.S. stock futures moved slightly higher on Friday after the S&P 500 and Nasdaq Composite closed at fresh record highs in the previous session. Investors continued to weigh strong corporate earnings against ongoing geopolitical uncertainty linked to the Iran conflict.

As of 07:25 GMT, S&P 500 futures were up 0.2% at 7,255.0 points, while Nasdaq 100 futures rose 0.1% to 27,617.25 points. Dow Jones Industrial Average futures also gained 0.1% to 49,900.0 points.

Strong Earnings Drive Market Momentum

Equities ended Thursday on a positive note, with the S&P 500 climbing 1% to close above 7,200 for the first time. The Nasdaq Composite added around 0.9%, also reaching a record high, while the Dow Jones outperformed with a 1.6% gain.

The rally was supported by robust corporate earnings, which reinforced confidence in business performance and helped offset concerns around inflation and geopolitical risks.

In after-hours trading, Apple (NASDAQ:AAPL) shares rose nearly 3% following its latest results, as investors responded positively to strong iPhone demand and continued growth in its high-margin services segment. The company reported record revenue and earnings per share, with iPhone sales increasing more than 20% for a second consecutive quarter.

Meanwhile, Reddit (NYSE:RDDT) surged over 13% after the close, driven by better-than-expected first-quarter results and higher daily active user figures.

Investors are now looking ahead to further earnings releases, with companies including Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), and AutoNation (NYSE:AN) set to report before Friday’s opening bell.

Geopolitical Risks Keep Sentiment Fragile

Despite strong earnings momentum, market sentiment remains cautious due to escalating geopolitical tensions. Reports indicated that Donald Trump is set to receive a briefing on potential new military options against Iran, raising the risk of further escalation.

Iran has warned that any renewed U.S. military action would trigger “long and painful strikes” on American positions in the region.

The Strait of Hormuz continues to face disruption, affecting a key global oil shipping route and tightening supply expectations. Brent crude surged above $126 per barrel on Thursday—its highest level in four years—before pulling back to around $114 amid profit-taking and currency movements.

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