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US Equity Futures Rise Pre-Bell as Big-Tech Rises Amid AI Optimism, Iran Ceasefire Intact After Hormuz Flare Up

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US Equity Markets End Higher Led by Technology Sector, Nonfarm Payrolls Data

US equity indexes ended higher on Friday, with the technology sector posting big gains and positive employment data amid reports that the US struck Iranian tankers while awaiting a response to its peace proposal.* The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.* Nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, beating the 65,000 gain expected in a Bloomberg-compiled survey.* US consumer sentiment continued to fall in May, with the main sentiment index dropping to an all-time low of 48.2 from April's 49.8, according to the University of Michigan's preliminary survey on Friday.* June West Texas Intermediate crude oil rose $0.05 to settle at $94.86 per barrel, while July Brent crude, the global benchmark, was last seen up $0.48 at $100.60.* Akamai Technologies (AKAM) shares were up roughly 27%, the biggest gainer on the S&P 500, after the company reported Q1 non-GAAP net income above market expectations and higher revenue. Anthropic also signed a $1.8 billion computing deal with Akamai to help meet surging demand for its artificial intelligence systems, Bloomberg reported Friday.* Mettler-Toledo International's (MTD) shares were down nearly 15%, the steepest decline on the S&P 500, after Citigroup adjusted its price target to $1,550 from $1,700 a share, and Evercore ISI lowered its price objective for the company to $1,300 from $1,425 a share, with both cuts following Mettler-Toledo's Q1 results overnight.

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Japan

US Equity Indexes Mixed as Trump Awaits Iran's Response to Peace Proposal After Striking Tehran Tankers

US equity indexes traded mixed ahead of Friday's close as technology topped sectors, nonfarm payrolls surged, and Washington struck Iranian tankers while awaiting a response to its peace proposal.The Nasdaq jumped 1.5% to 26,185.1, and the S&P 500 climbed 0.7% to 7,389.3. The Dow Jones Industrial Average edged 0.1% lower to 49,548.3. The tech sector was up 2.4% in the final leg of trading.Nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, beating the 65,000 gain expected in a Bloomberg-compiled survey. The increase in March was revised up by 7,000 to 185,000, while the fall in February was adjusted to 156,000 from 133,000, the BLS said.The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.Meanwhile, US forces disabled two Iranian-flagged unladen oil tankers on Friday that were attempting to dock at an Iranian port on the Gulf of Oman in violation of the US blockade, US Central Command said in a social media post on X, formerly Twitter. According to President Donald Trump, a ceasefire is still in effect, CNN reported.West Texas Intermediate crude oil futures rose 0.6% to $95.35, and Brent crude futures increased 1% to $101.05, paring this week's declines.

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Japan

Technology Helps Push US Equity Indexes Higher in Midday Trading

US equity indexes rose in midday trading on Friday as technology topped sector charts and Washington expected Iran to respond to its peace proposal later in the day.The Nasdaq jumped 1.4% to 26,162.7 after touching a record 26,172.71 intraday. The S&P 500 climbed 0.8% to 7,397.1 after hitting an all-time high of 7,397.56 earlier in the session. The Dow Jones Industrial Average edged up less than 0.1% to 49,638.2.After technology, which advanced 2.2%, consumer discretionary was the second-biggest gainer. Healthcare led the decliners.The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.Meanwhile, US forces disabled two Iranian-flagged unladen oil tankers on Friday that were attempting to dock at an Iranian port on the Gulf of Oman in violation of the US blockade, US Central Command said on X.West Texas Intermediate crude oil futures rose 1.1% to $95.86, and Brent crude futures increased 1.4% to $101.49.

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