US stock futures were little changed Thursday as investors awaited Iran’s
response to a US proposal to reopen the Strait of Hormuz and end the war. S&P
500 and Nasdaq 100 futures were flat, while WTI crude fell about 3.5% to around
$92 a barrel. Evercore ISI strategist Julian Emanuel said strong earnings,
surging semiconductor stocks, and optimism around SpaceX and Anthropic support
further upside for the S&P 500, potentially toward 7,750 or even 9,000. Among
companies representing 80% of the index’s market value that have reported, sales
rose 11% and earnings climbed 26%, with profits beating estimates by 19%.
