S&P 500 futures near record highs as oil prices drop and tech stocks rally on Iran peace hopes

S&P 500 futures remain near record highs following a strong Wall Street rally driven by falling oil prices and optimism over a potential Iran peace deal. The drop in crude oil prices eased inflation concerns, prompting investors to rotate out of energy and utilities into technology, industrials, and communication sectors. Despite some volatility from geopolitical tensions and mixed corporate earnings, the market's uptrend remains strong with key support levels holding. Upcoming economic data and corporate reports will be watched closely, but the current momentum favors continued risk-on sentiment as traders anticipate further growth if oil prices stay low and peace talks progress.