Futures on the Dow Jones Industrial Average (DJIA), Nasdaq-100 Index (NDX), and S&P 500 Index (SPX) are all moving confidently higher ahead of the open, after President Donald Trump extended the ceasefire with Iran. Citing Tehran's "seriously fractured" government, Trump said the U.S. was asked to give Iran more time to bring a proposal to the table.
Despite the extension, Iran's navy announced it had seized two ships in the Strait of Hormuz, and talks with Tehran have been postponed. Stateside, blue-chip earnings are in focus, with Boeing (BA) buzzing after strong delivery numbers.
- How the SPX copes with an overbought RSI, per Senior Quantitative Analyst Rocky White.
- Tesla looks like a prime selling candidate for options traders.
- Plus, Adobe's bounce back; AT&T's earnings beat; and GEV roars higher.
5 Things You Need to Know Today
- The Cboe Options Exchange saw roughly 2.1 million call contracts and 1.2 million put contracts traded Tuesday. The single-session equity put/call ratio rose to 0.56, while the 21-day moving average stayed at 0.60.
- Adobe Inc (NASDAQ:ADBE) stock is up 2.9% premarket, following news the software name's board approved a $25 billion stock repurchase program, which will run through April 2030. ADBE has been struggling on the charts, off 29% In 2026 and tapping a six-year low of $224.13 on April 10.
- AT&T Inc (NYSE:T) stock is 0.7% lower before the open, brushing off a first-quarter earnings and revenue beat. T has struggled on the charts, capped by $30 since September and sporting a quarterly deficit of 10.7%.
- The shares of GE Vernova (NYSE:GEV) are surging 4% ahead of the bell, after the energy name surpassed first-quarter earnings and revenue expectations. GEV yesterday tapped a fresh record high of $1,016. For 2026, GEV has added 51%.
- Jobs data and more readings are due out tomorrow.
Japan's Nikkei Snags Record on Export Data
Asian markets were mostly higher today. Japan’s Nikkei stole the show with a record high and finished 0.4% higher, after export data rose for the seventh-straight month and a trade surplus was achieved in March. SoftBank was a notable winner. South Korea’s Kospi tacked on 0.5%, brushing off a drop from SK Hynix and a hotter-than-expected producer price index (PPI). China’s Shanghai Composite added 0.5%, while Hong Kong’s Hang Seng bucked the regional trend with a 1.2% drop.
In Europe, bourses are sluggish midday. The U.K. inflation rate rose 3.3% in March, in line with expectations and sending the 10-year U.K. government bond yield lower. At last look, London’s FTSE 100 is flat in response. The French CAC 40 is 0.2% lower ahead of L'Oréal's earnings report, while the German DAX is also struggling for direction.
