U.S. equity futures inched higher on Wednesday, building on Wall Street’s strong rally from the previous session after the White House announced that President Trump will deliver an address on Iran later today. On Tuesday, Trump played down the need for a negotiated settlement to end the war, indicating that the U.S. could instead declare victory and halt hostilities.
On the economic front, U.S. house prices rose 0.1% month-on-month in January, while annual price growth remained subdued. Tech heavyweights led the advance, with all members of the “Magnificent Seven” finishing solidly higher after a mixed showing on Monday. Meta climbed 6.7% following a 2% gain at the start of the week, and Marvell Technology jumped nearly 13%, topping the Nasdaq after announcing a strategic partnership and a USD 2 billion investment from Nvidia. Shares of Nvidia—the world’s most valuable company—also rose 5.6%, further bolstering sentiment across the sector.
