S&P 500 and Nasdaq hit new highs as strong earnings and calm Middle East tensions boost markets.

The S&P 500 and Nasdaq futures rose, driven by strong earnings reports and a resilient market despite recent tensions near the Strait of Hormuz. Technology stocks led gains, with the Nasdaq on track for a 2.8% weekly increase and the S&P 500 up about 1.5%. Investors are closely watching the upcoming US jobs report, which could influence Federal Reserve rate expectations. The market remains bullish, with no immediate signs of a top, as technical indicators hold steady and geopolitical risks seem priced in for resolution rather than escalation.