US stock futures hit record highs as oil prices fall
U.S. stock futures hit record highs as oil prices fell on hopes for a U.S.-Iran peace deal. Investors weighed strong labor data and Federal Reserve commentary.
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S&P 500 and Nasdaq futures reached record highs on Thursday as falling energy costs and cooling geopolitical tensions boosted investor appetite for risk. The rally follows reports that the United States and Iran are nearing a temporary agreement to normalize crude flows through the Strait of Hormuz. Lower energy prices and a resilient labor market are reinforcing the case for a soft landing despite high interest rates.
