- S&P 500 futures rose slightly on Friday, with the index on pace to post a
solid weekly gain, as traders kept an eye on the fragile two-week ceasefire
between the U.S. and Iran.
- S&P 500 has jumped more than 3% through Thursday’s close, tracking for its
best week since November.
- Trump on Thursday warned that Iran should not charge fees to oil tankers that
are traveling through the Strait of Hormuz, writing in a post on Truth Social:
“They better not be and, if they are, they better stop now!”
- Oil prices were little changed as concerns around the strait’s reopening
hovered over the market.
- Oil prices came off their highs of the day and the S&P 500 rose after Israeli
Prime Minister Benjamin Netanyahu said that the country had agreed to negotiate
with Lebanon “as soon as possible.”
- US inflation surged in March, with CPI rising 0.9% month-on-month and 3.3%
year-on-year, the fastest pace since 2024, driven largely by a record spike in
gasoline prices.
- An expected Senate hearing on the nomination of Kevin Warsh for Federal
Reserve chair has been delayed, a person familiar with the matter told CNBC on
Thursday evening.
- U.S.-listed shares of Taiwan Semiconductor Manufacturing rose more than 2% in
premarket trading on Friday after the world’s largest chipmaker reported record
revenue for the first quarter.
- Asia-Pacific markets mostly rose Friday, though a fragile two-week ceasefire
between the U.S. and Iran keeps investors on tenterhooks with oil prices
remaining volatile.
