FX.co ★ US Futures Hold Near Record Highs

Futures linked to major US equity indices were little changed on Friday as investors weighed the durability of the AI-driven rally and evaluated Middle East oil supply prospects and their implications for inflation. S&P 500 and Dow Jones Industrial Average futures edged up to fresh record levels, while Nasdaq 100 contracts hovered near the unchanged mark. News reports on Thursday indicated that the US and Iran have reached a 60‑day memorandum aimed at extending the current ceasefire and beginning to restore vessel traffic through the Strait of Hormuz, although President Trump has yet to approve the agreement. Softer energy prices and lower bond yields provided broad, if modest, support to equities. Financials and consumer staples traded cautiously higher. In premarket action, Microsoft rose about 1% and Oracle advanced more than 3%, with AI-related software buoyed by a new funding round in Anthropic. In contrast, Meta edged lower.