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US markets rally on Iran deal progress and strong tech earnings, Nasdaq set for record highs

Market News
06 May 2026
Proactive Investors
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Bullish
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US stock futures surged ahead of the open, with the Dow Jones up over 500 points and Nasdaq futures leading gains at 1.4%, driven by strong earnings from AMD and Super Micro Computer. Market optimism is fueled by reports that the US and Iran are close to a preliminary agreement to end conflict and resume nuclear talks, which has eased geopolitical tensions. President Trump announced a pause in military movements through the Strait of Hormuz to facilitate the deal, leading to a sharp drop in oil prices and a rise in gold. Investors are watching closely as both sides are expected to respond on key points within 48 hours, marking the closest progress since the conflict began.

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